Dairy maker Domty to inject $67.6mn investments in Egypt until 2017

Egyptian dairy maker Arabian Food Industries Company (Domty) plans to pump investments of 500-600 million Egyptian pounds (US$67.6 million) until the end of 2017, its CEO said.

Speaking to Amwal Al Ghad Wednesday, Mohamed El Damaty stated that company’s investment plan includes injecting 200-300 million pounds in 2016 into launching juice factory in addition to boosting capacities of cheese factories.

The new juice factory is set to be established on the space of 26.5,000 meters, the official added, clarifying that it will finished by the end of 2016 to operate with capacity estimated at 36,000 tonnes of juice.

Domty targets rising its annual sales volume by 10 percent as it achieved sales estimated at 1.4 billion during 2015.

Moreover, Vice CEO El Damaty noted that Domty seizes 40 percent of Egypt’s market share of white cheese and 7 percent of juice market.