Egypt’s Wholesale Trade starts phase II of sugar packing plant with $4mn

The Egyptian Company for Wholesale Trade is currently executing the second phase of its sugar packing factory with investment cost of around 35 million Egyptian pounds (US$3.9 million).

Egyptian Supply Minister Mohamed Ali Al-Shikh stated Sunday that the second phase is set to operate with capacity estimated at 100,000 tonnes annually. The factory is located in the first industrial zone in 6th of October City.

The Egyptian Company for Wholesale Trade is an affiliate of the state-owned Food Industries Holding Company SAE (FIHC).

The minister clarified that the factory started operating in February 2015 as its first phase had been launched in October 2015 with investment cost of 40 million pounds. The first phase was built on space estimated at 2,500 square metres.

He added that the plant includes 9 packing machines with 60 employees and workers per a shift.

Moreover, the factory produces around 130,000 tonnes of sugar per year, i.e. 10,800 tonnes monthly and 432 tonnes per hour, the minister said.