Egypt's CBE expects inflation to moderate in '24, significantly fall in H1-25    Egypt to host 3rd Africa Health ExCon from 3-6 June    Poverty reaches 44% in Lebanon – World Bank    Eurozone growth hits year high amid recovery    US set to pour fresh investments in Kenya    Taiwanese Apple,Nvidia supplier forecasts 10% revenue growth    EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program    Egyptian military prepared for all threats, upholds national security: Defence Minister    Philip Morris International acquires 14.7% stake in Egypt's largest cigarette maker Eastern Company    Gold prices slide 0.3% on Thursday    US Biogen agrees to acquire HI-Bio for $1.8b    Body of Iranian President Raisi returns to Tehran amidst national mourning    Egypt secures $38.8bn in development financing over four years    Palestinian resistance movements fight back against Israeli occupation in Gaza    President Al-Sisi reaffirms Egypt's dedication to peace in Gaza    Egypt to build 58 hospitals by '25    Egypt's Health Minister monitors progress of national dialysis system automation project    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sama Grain intends to establish juice concentrates factory with EGP 35m
Line for packaging citrus fruits expected to be launched in early 2017
Published in Daily News Egypt on 08 - 09 - 2016

Sama Grain company, operating in the field of exporting agriculture crops, is intending to establish a factory of juice concentrates and to operate the line of packaging citrus fruits to export them to east Asia and Russia.
In an interview with Al-Borsa newspaper, the chairperson of the company, Mohamed Hassan, said that his company has allocated about EGP 35min initial costs to establish the factory of the juice concentrates, which will begin operations by 2019.
He added that the company is about to complete all the studies of the project and is getting ready to look into offers made by Turkish companies that want to install production machines in the factory.
Hassan also explained that the company is studying the markets to see how they would receive the juice concentrates product, and the company is looking to choose between the markets of east Asia and Russia.
Moreover, the company is getting ready to launch a packaging line to export citrus fruits to Russia and east Asia in mid-January 2017 with a capacity of 20,000 tonnes of oranges per season.
Hassan said that the packaging station project is located on an area of 10,000 sqm, with an investment cost of EGP 12m.
Sama Grain is targeting to increase the size of annual exports to $5m in the next two years; the annual size of the company's exports is currently $3m.
The company exports many agriculture crops, including pomegranates, citrus fruits, and grapes to Russia, China, Singapore, and Malaysia, in addition to Europe (Germany, Holland, and Poland).
According to Hassan, the company is seeking to enter new markets, including the Balkans, Kazakhstan, and Uzbekistan, in addition to the United States and Canada, in spite of the health requirements these countries insist Egyptian products meet.
He said that these requirements include measuring the percentage of the pesticide residue in the product, as well as the ways it is stored and transported.
Hassan noted that the Egyptian agriculture product is suffering from the lack of a supervisory entity to guarantee that all products are of high quality. It is also facing several problems, he continued, mainly the fruit fly and the high percentage of pesticide residues.
Hassan said that the Russian market is the market consuming most of the Egyptian agriculture products and crops; however, Russia also delays the payments of the financial dues.
He suggested activating the free trade initiative and exempting the Egyptian product from customs, like in some other countries, giving Turkey as an example, which would alleviate the burdens of the financial dues and speed up their payments.
Hassan noted that the companies operating in the field of exporting agriculture crops are facing many problems and obstacles, mainly the transport crisis due to the irregular shipping lines, demanding to launch a green passageway between Egypt and Russia to speed up the passage of the agriculture products and avoid spoiling them during the long hours of transportation.
The Russian market obtained approximately 20% of the size of the Egyptian citrus fruits exports during the 2013-2014 season, valued at 230,000 tonnes of oranges, mandarins, lemon, and grapefruit.


Clic here to read the story from its source.