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Sunday, 7 July 2019

Edita to break ground on USD 20 mn Morocco production facility this month

Edita Food Industries will begin constructing its USD 20 mn snack food production facility in Morocco before the beginning of August, Al Mal reports. The plant will be built in collaboration with Morocco’s Dislog Group, and is expected to begin production in 1Q2020. The project was first announced back in March 2018, and was originally expected to cost USD 10 mn and start operations this year. The two companies agreed to set up a JV in December 2017 named Edita Food Industries – Morocco, with Edita owning a 51% stake.

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