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Halwani Brothers aims to increase investments in Egypt by EGP 60m - Daily News Egypt

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Halwani Brothers aims to increase investments in Egypt by EGP 60m

Company targets to increase export value to $15m


 

Halwani Brothers Group, a food commodities company is planning to increase its investments by EGP 60bn this year, Chairman of Halwani Saleh Hefny told Daily News Egypt Monday.

Investments will increase the production capacity and upgrade the company’s technological infrastructure, Hefny said. The market share of Halwani is 34% and the company plans to increase it to 37%.

Sales of Halwani Group in Egypt and Saudi Arabia during 2015 amounted to EGP 2.5bn, with Egypt’s share recording EGP 1.2bn. Halwani’s products in Egypt are meats, juices, Halawa, cookies and fruit jam. The company exports to 30 countries.

The company targets to increase its local sales by 15% after the opening a new factory for poultry products with a production capacity of 14,000 tonnes per year, at a cost of EGP 100m.

Halwani also wants to increase the production capacity of its meat factory, which is currently 2,000 tonnes per year, by 20% in 2016.

According to Hefny, the value of Halwani’s exports from Egypt in 2015 amounted to $10m, and it aims to increase this to $15m in 2016.

Topics: Egypt investments

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