Cairo – Mubasher: The board of Obour Land for Food Industries agreed on establishing a dairy production project with an estimated cost ranging between EGP 105 million and EGP 115 million.
This project which will be financed over three years, aims to achieve the company’s integration through providing the required milk for dairy products, the firm said in a statement to the Egyptian Exchange (EGX) on Monday.
The dairy firm noted that this project will reduce production costs and positively affect its profits.
Obour Land’s extraordinary general meeting (EGM) is set to be held on 18 October to discuss livestock farming for dairy production.
