Arab Finance: Port Said Modern Commercial Development Company (Sudanco) plans to expand its investments in its juice production factory from 350 million pounds currently to 600 million pounds by next year, in addition to establishing a factory to produce orange concentrates in partnership with a Moroccan company – whose name has not been revealed – at an investment cost of 7.5 million. dollars, according to For a statement Issued by the Council of Ministers.
The Prime Minister listened to an explanation from Rami Sudan, Managing Director of the Riyada Factory, who pointed out that this factory is an Egyptian-French partnership, with investments amounting to 850 million pounds, and includes direct labor of about 400 employees and workers, in addition to 370 workers as indirect labor in the distribution teams. .
The director of the Riyada factory added that the factory’s cheese products are allocated 80% for the local market, and 20% for export, with an export value estimated at about $2.2 million annually, to several markets including Saudi Arabia, the Emirates, Kuwait, Morocco, Tunisia, Algeria, and America. Vietnam, Jordan, Russia, Nigeria, and Senegal.
Rami Sudan pointed out that the factory relies on the local component in manufacturing by 75%, and that it also has plans to expand into other types of cheese, such as “Edam” cheese, especially since the state was importing large quantities of this type of cheese, which will provide hard currency. .
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