Egyptian Mass Food Company targets establishing new factory for food industries in the industrial zone at 6th of October city by 2017.
Speaking to Amwal Al Ghad Sunday, Chairman and CEO Alaa El Bahay stated that the new factory will be built with investments worth 100 million Egyptian pounds (US$11 million).
The project is considered as the first investment that Mass Food executes after being acquired by the U.S.-based Kellogg Company.
By the end of 2015, U.S. cereal and snack maker Kellogg acquired Mass Food Group for US$50 million.
El Bahay clarified that the company is currently executing the construction works of the new factory which is set to be implemented on the space of 11,000 meters.
Mass Food eyes boosting the capacity of the new factory to 3,000 tonnes per hour, he noted.