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Sunday, 21 October 2018

Nestlé Egypt to inaugurate new instant coffee factory in January

** #6 INVESTMENT WATCH- Nestlé Egypt will inaugurate a new instant coffee factory in January, Trade and Industry Minister Amr Nassar announced on Thursday, according to a ministry statement. The statement does not provide details on the cost or location of the new facility, which will house eight production lines. Nestlé will direct the factory’s output both to the local and export markets. CEO Moataz El Hout had previously said the company is looking to increase its exports 20% y-o-y in 2018 through further expansion into North African markets.

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