Back to the complete issue
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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.