Egypt’s Food Industries Co Implements 80% of Its Investment Strategy of FY13/14

Egyptian Holding Company for Food Industries (HCFI) has implemented 80% from its investment strategy for 2013/2014 through pumping EGP400 million fresh investments within the first 9 months of the ongoing year.

Head of HCFI Hassan Kamel asserted that the fresh investments which have been pumped include developing Markets and establishing of new branches, rehabilitating Middle Egypt Flour Mills and East and Alexandria Delta Flour Mills.

Kamel explained that about EGP150 million has been monitored to raise the capacities of Middle Egypt Flour Mills (CEFM) from 360 tons to 600 tons flour per day by next June.

Moreover, Kamel added that the strategy includes developing 7 oil firms that affiliated to raising the production efficiency and raising the production energy from 60 to 70 tons per day.