Egypt’s Edfina for Preserved Foods eyes 30% rise in sales in FY2019

Egyptian food producer Edfina, an affiliate to the Holding Company for Food Industries, says it targets a 30 percent surge in its sales for the financial year 2018/2019.

The company seeks to reach sales worth 110 million Egyptian pounds ($6.3 million) from 85 million pounds during the financial year 2017/2018, Edfina’s head Mostafa Abdel Aziz told Amwal Al Ghad on Monday.

“We are cooperating with the Holding Company for Food Industries and one of the consulting offices to draw up a plan to develop our firm, including infrastructure works and production lines,” Abdel Aziz further said.

This plan will be finalised within the upcoming three months and started at the beginning of financial year 2019/2020, he added.

“We are currently exporting our products to Saudi Arabia, Kuwait, United Arab Emirates, Libya, Jordan, Lebanon, Sudan, Yemen, Mauritania, America, France, Canada, Austria, Germany, England, Italy, Senegal, and Sweden,” he said.

Moreover, Edfina was established in 1956 with capital worth 76.8 million pounds, Abdel Aziz said, referring that the company owns five factories in Alexandria and Damietta governorates.

“The company’s production capacity ranges between 2,000 tonnes and 3,000 tonnes per month,” Abdel Aziz concluded.