US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    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.



Beyti records 200% increase in production within 3 years
Beyti seeks to invest EGP 4bn in the next 5 years, says Managing Director
Published in Daily News Egypt on 02 - 02 - 2016

The International Company for Agricultural Industrialisation Projects (Beyti) has increased its production capacity by about 200% within the last three years. This progress helped in achieving high sales growth rates, estimated at 150% during the same period.
Managing Director of Beyti Mohamed Badran said the food industries sector has faced numerous difficulties during the last five years, notably the continuous increase in the prices of raw materials and the materials used in packaging.
He added that Egypt relies on importing some of the materials used in manufacturing, related to the dollar availability, which witnessed large variables during the last period.
Badran asserted that the lack of dollar and the increase in its price have directly affected the profitability of the companies operating in the agricultural industrialisation and food industries. This represents a huge challenge for these companies as they try to maintain quality without dramatic rises in cost.
He pointed out that the food industries in Egypt are suffering from the lack of awareness on how to deal with food products. He explained that the product is released at a high quality from the production lines, but then encounters problems, mostly related to the methods of storage and transportation.
Badran said Beyti is preparing to launch an awareness campaign that will include sellers, customers and workers in food industries, to define the proper ways to maintain the quality of the product from the moment it leaves the factory until it reaches the consumer.
He revealed that the company has set a five-year plan for its new investments in the Egyptian market, whereby it aims to pump EGP 4bn, despite the variables and difficulties faced due to the economic and political environment.
He emphasised that Beyti trusts in the Egyptian economy and believes that the current situation is temporary, adding that the market will restore its previous status as one of the largest emerging markets in the region.
The company has expanded its industrial schemes, in which it managed to provide 900 jobs annually, with the number of the staff reaching 3,000 at the end of 2015, Badran said. He added that the company seeks to provide more 1,000 jobs this year.
Beyti has nine distribution centres nationwide and has plans to increase that number.
Badran affirmed that Egypt is still an emerging market, as its population vastly increases every year. This attracts more companies specialised in consumer goods, and encourages operating companies to expand.
He revealed that the company started to export its products to a number of Arab and African countries, and it aims to increase its percentage in these markets in the upcoming period.
Beyti has five production lines: the first is for producing Beyti Tropicana juice and Beyti Kol Youm, and the second for Marai Milk, Beyti Milk and Kol Youm Milk. The third is for producing milk in various flavours, the fourth for producing yoghurt and the fifth for cooking and whipping cream.
Beyti is considered one of the largest dairy and juice producers in the local market. The Egyptian joint-stock company was established in 1998 with a stated capital of EGP 3.17bn and paid-up capital of EGP 966.5m.
In 2009, Saudi Arabia's Almarai Company acquired Beyti from its founding shareholders, and in the same year Almarai and Pepsi signed partnership contract.
International Dairy and Juice Co. Limited, owned by PepsiCo/Almarai Joint Venture, owns 100% of Beyti's shares.


Clic here to read the story from its source.