Back to the complete issue
Tuesday, 26 November 2019

UBF to establish EGP 40 mn factory to produce for Cinnabon

The United Beverage and Food Company (UBF), Cinnabon’s local agent, is planning to set up a EGP 40 mn factory in 1Q2020 to provide Cinnabon Egypt select production inputs, UBF General Manager Mohamed Nagy tells the local press. The facility, which will be self-financed, is meant to wean Cinnabon Egypt off importing raw materials for its food products and rely instead on locally sourced goods.

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. © 2018 Enterprise Ventures LLC.