Cairo – Mubasher: Juhayna Food Industries plans to inject EGP 600 million ($76 million) in investments in 2016, in the framework of its expansion plan.
The company will direct the new investments toward the buying of new production lines to boost the production capacity, especially in respect to the juices production line to meet both the local and exports demands, said a bourse statement.
The leading manufacturer of dairy-based products seeks to support its logistic services through the establishment of four new selling and distribution units across Delta and Upper Egypt.
Meanwhile, the firm will direct part of the aforementioned new investments towards completing the company’s new dairy farm.
Juhayna reported earlier, an increase of 64.6% in net profits for the fiscal year ended 31 December 2015.
The company’s profits stood at EGP 279.9 million in 2015, up from EGP 170.1 million a year earlier.
