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Wednesday, 11 September 2019

Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade

Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse disclosure (pdf). The company also signed a contract to purchase a machine to produce a new variety of processed cheese spreads in Tetra Pak packaging, alongside its traditional glass-contained spreads. Catalyst Leasing, an equipment leasing and financing company, has signed a five-year EGP 135 mn contract with Obour Land to supply Tetra Pak’s advanced technology food processing and packaging machines imported from the EU, according to a statement (pdf).

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