Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Egypt's Nile Sugar to up capacity in 2013: CEO
Published in Daily News Egypt on 05 - 02 - 2012

DUBAI: Egyptian refiner Nile Sugar plans to increase its crushing capacity by over 40 percent next year to help meet strong demand in the country, its chief executive said on Sunday.
Egypt produces around 2 million tons of sugar a year but needs to import about a third of the 3 million tons it uses — a gap Nile Sugar hopes to tap.
"We are undertaking a de-bottlenecking process and plan to up capacity in our crushing line," Nile Sugar chief executive Ali Al Dajani told Reuters in an interview on the sidelines of the Kingsman Dubai sugar conference.
"We process 7,000 tons of beet sugar per day and we want to increase that to 10,000 tons in the coming year or so," he said.
The company refines Egyptian beet sugar in the crushing season from February to June and imports raw sugar, mostly from Brazil, to refine for the rest of the year.
Nile Sugar has a refining capacity of 1,200 tons of raw sugar per day. It operated at more than 100 percent capacity in 2011 producing around 305,000 tons of sugar.
"This was much needed in Egypt as there was a significant deficit in the market, if we hadn't refined that amount the market would have faced a big problem," Dajani said.
Dajani said rising raw sugar prices on the international market last year deterred Egyptian refiners from importing much raw sugar because refined sugar sales prices in Egypt remained low.
He said the political turmoil that has gripped Egypt since last year had not significantly affected domestic demand for sugar but that consumption in the tourism sector had fallen.
"We did get affected but nothing really significant as sugar is one of the most essential commodities so it is resilient," Dajani said. "But demand did drop a bit because industrial use went down as for example tourism went down."
Tourism revenue in the country is thought to have fallen from $12.5 billion in 2010 to around $9 billion in 2011.
Nile Sugar, which is located in Nubariyah around 50 Km from the port of Alexandria, sells all of its production in Egypt.
Egyptian farmers are expected to plant 400,000 feddans (168,000 hectares) with sugar beet and 320,000 feddans with cane in the 2011/2012 season, in line with the previous season.
The North African country, which depends on the Nile river for almost all its water, plans to grow more sugar beet because it needs less water than cane. Beet is mostly grown in the Nile Delta region while cane is grown in southern Egypt.


Clic here to read the story from its source.