Germany’s Symrise to invest €2 mln in Egypt in 2020

Germany’s Symrise, a leading global player in the flavour and fragrance industry, is planning on investing €2 million during 2020, According to  Managing Director Ibrahim Wagdy.

During a press conference, he pointed out that Symrise Egypt produces 10,000 tonnes of flavour additives annually.

He further stated that Egypt’s food additives market reached €100-130 million, and the company’s share reached 30% of the Egyptian market.

‘The company has a variety of products and the proportion of the component in some products exceeds 90%, and this proportion varies from product to product. Egypt and Africa account for about 50% of the company’s sales volume annually,’ he added.

Wagdy explained that the company is present in Egyptian market for over 20 years, with three main facilities in the industrial city of the 6th of October.

Moreover, Symrise Egypt covers a range of solutions for liquid and powder blending to herbal extraction, emulsions, and juice production.