Arab Finance: The company opened Castle for Financial Investments (CCAP)The pioneer in energy and infrastructure investments, the new herbal drying factory in Dina farms -one of the specialized castle projects in the agricultural and animal sector, food industries and one of the largest integrated farms in Egypt and Africa, according to the statement sent on February 24.
The first stage of the factory has been established with an estimated investment of 400 million pounds. It also opened the new pipe insulation production line of glass wool at Glasruk insulation factory with an estimated investment of 27 million Egyptian pounds. Glasruk isolation is a leading company in the manufacture of insulation products from glass wool and rock wool, which is one of the ASIC mining companies “Askum” of the castle.
The event was held in the presence of the Deputy Prime Minister for Industrial Development and the Minister of Industry and Transport, the team is the engineer of the full minister, and during his opening tour, the team was briefed on the entire engineer of the minister on the production and technology stages used in the new production line of the Glasruk Factory, which completes the portfolio of Glasruk products in the field of thermal insulation, as His Excellency opened the new herbal drying factory on Dina farms, which reflects the company's orientation Towards promoting agricultural manufacturing, achieving the highest quality standards in food products.
The celebration witnessed the presence of a group of leaders of the castle company and representatives of its companies in various sectors, including Dr. Ahmed Heikal, founder and Chairman of the Castle Board of Directors, Hisham Al -Khazindar, the founding partner and managing director of the castle, and Amir Naguib, the co -chief of operations and managing director of the castle, Hatem Youssef, CEO of Dina farms, and Ghada Hammouda, Head of the Sustainability Sector for the Citadel Group.
In the context of the opening of the new herbal factory in Dina farms and the new pipe insulation production factory at Glasruk isolation factory, Dr. Ahmed Heikal, founder and chairman of the castle, stated: “Our investments come in the expansion of Dina farms and Glasruk Factory for isolation within the castle strategy to support energy and food security, through Maximizing the benefit of economic developments and our focus on developing local manufacturing capabilities and strengthening Eco -friendly added activities that are environmentally friendly and directed to export that are implemented through our subsidiaries and in line with Egypt Vision 2030.
The revenues of the export activities of the castle group amounted to 47.7 million dollars, and the revenues of sales in foreign currencies in the local market amounted to about 2.3 billion dollars during the first nine months of 2024, and the company aims to increase these foreign cash flows during the coming years.
“We expect the value of exports from insulation products and the products of the new herbal factory will be about $ 40 million,” Heikal added.
These projects come within the castle strategy and its companies affiliated with the localization of strategic industries and the promotion of food security, as Dina farms, whose investments amounted to about 1,950 billion Egyptian pounds, have succeeded in providing an integrated model for agricultural and animal production, which meets the needs of the local market; It supports state plans to expand export.
The factory created with investments of 400 million pounds is a qualitative shift in the herbal drying and development industry in Egypt, as it depends on a 100% unique business model by 100%, as it is the only integrated factory that is fully intended for export. It aims to meet the increasing demand for high -quality dried herbs in international markets. The expected export value of the new herbal drying factory products is about 20 million US dollars, which is expected to double over the next few years.
The Dina Farms Factory for Herbal Dotting is currently producing four 100%natural herbs, which are curly parsley, regular parsley, coriander, and dill, with future plans to expand the product and market portfolio in several main sectors, including herbs for medical and aromatic uses and cooking purposes, along with fruits and vegetables Focusing on the markets.
In this regard, Amir Naguib, the co -chief of the operations sector in the castle, explained: “Our investments focus on creating added value by manufacturing local raw materials and agricultural products, which supports the economy, whether by attracting foreign currencies or replacing imported products with high -quality Egyptian products. “
Naguib added: “Global climate changes and the energy crisis in Europe have created new opportunities to export local products and increase our exports to European countries, which have become urgent in need of greater quantities of insulation products that support the plan to isolate the European Union supported by European financing programs in order to rationalize electricity consumption.
Climate changes and energy crisis also affected the transplantation of herbs in Europe, and also affected the energy available for drying operations, which led to an increase in demand for our high -quality products, and we expect other opportunities to appear in multiple areas as a result of energy problems and climate changes.
Hatem Youssef, CEO of Dina farms, said: “Dina farms factory for herbal drying has been created in just one year using the latest technology, and he holds international certificates in the field of food industries and food safety such as ISO, Halal, Kushir, and BRC GLOBAL Standards to meet requirements European and American market.
In the context of opening the line of production sectors of the new insulation pipes of glass wool, Naguib explained: “Glasruk's work has witnessed great developments since the opening of our factory 12 years ago by investing 70 million dollars, which enabled us to establish our position as a pioneer in the field of isolation in Egypt and the region, thanks to Our commitment to innovation and high quality to meet the needs of the local market and export. “
Naguib added: “Glasruk is the only company in Egypt that produces glass wool, and its products are exported to more than 45 countries around the world, and the company’s products contribute to reducing energy consumption by 40%. The company has invested 27 million Egyptian pounds in adding a new production line to isolate pipes from Glass wool, which contributes to saving $ 6 million in the country annually on imports of these products, and this line is completed For insulation to meet the needs of the local market, in addition to saving another $ 12 million annually by providing high -quality glass wool products for the local market. “
“We commend the government's efforts to support and encourage the private sector, and we believe in its pivotal role in advancing the Egyptian economy. The team's visit to our factories today confirms the strength of the partnership between the government and the private sector, and the consensus in visions and strategies, especially with regard to the promotion of manufacturing directed to export and benefit One of the competitive advantages of local production is an essential pillar of growth. “
Ghada Hammouda, head of the sustainability sector at the castle group, also indicated: “The inauguration of the new production line at Glasruk Factory and the opening of the Dina Farms Factory for Dried Herbs today is within the framework of the castle strategy that adopts the” responsible investment “curriculum in all its actions as an essential element in the company's vision and strategy aimed at Achieving sustainable growth through resettlement and deepening industries, enhancing environmental sustainability and achieving security Food and self -sufficiency of energy and providing advanced solutions to reduce, rationalize and increase consumption efficiency. “
“The castle and its companies are keen in line with Egypt's 2030 vision to achieve the goals of sustainable development in a focus in Glasruk on: goal 8 (decent work and economics growth), goal 9 (industry, innovation and basic structures), and goal 11 (sustainable local cities and societies), The goal of 12 (responsible production and consumption) and the 13th goal (climate work), where the company's products contribute Glasruk is insulating in rationalizing energy consumption by 40%, which reduces carbon emissions and negative effects on the environment. The goal of 7 (clean energy at reasonable prices) and the goal of 8 (decent work and economics growth), And the goal of 9 (industry, innovation and basic structures), the goal of 12 (production and consumption).
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