Egypt: Nile Food Industries Company awaits potato factory licensesBosnakis Ioannis
The Egyptian Nile Food Industries Company is planning to invest EGP 10 million (€503,000) in a new potato processing factory next year. Production capacity at the factory is expected to reach 1,000 tons annually.
Mahmoud Hendy, the CEO of the company, said that the company is waiting for the licenses. He added that the company has achieved exports worth $12 million. It aims to maintain the export rate this year, noting that the company has a production line for frozen vegetables and fruits with a production capacity of 45 tons per day, but it is currently operating with a capacity of 20 and 22 tons per day.
Hendy stressed that the company is interested in international exhibitions, such as Gulf Food, Sial, and Anuga, especially that they support direct meetings with clients and allows for understanding their needs. They also contribute toward promoting Egyptian products, especially through giving attention to the form of the Egyptian pavilion there.