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Thursday, 29 March 2018

Edita to invest EGP 150 mn this year to develop factories

Packaged snacks manufacturer Edita is planning to invest EGP 150 mn this year to build a new factory and upgrade existing ones, according to Chairman Hani Berzi. The new EGP 30 mn plant will be established in the Six October City Polaris Al Zamil industrial park on land the company purchased two years ago. Edita is also building a new factory in Morocco under a partnership with Dislog Group, which should begin operating by 3Q2019, Berzi said, adding that the company also plans to upgrade machinery and equipment at its different facilities this year.

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