South Africa calls for 'amicable solution' for GERD    Macron promises to help mobilise aid for Lebanon after massive blast    Trump says coronavirus vaccine possible before Nov. 3    Egypt's Suez Canal revenues up 4.7% in last 5 years: Chairman    Egypt's NUCA launched new land plot for urban activity in Sheikh Zayed    Tennis: Kyrgios says 'slim to no chance' of playing French Open    Premier League clubs vote against use of 5 substitutes next season: BBC    Egypt's net foreign reserves rise to $38.3 bln in July – CBE    French President: Lebanon needs reforms or will suffer more    Egypt's GASC gets offers in wheat bids for Sept. shipment – traders    Foreigners staying in Cairo without residency permits to not allowed in resort towns    Egypt's field hospital in Beirut receives wounded cases of Lebanon's blast    Man Utd should target Kane over Sancho, says Scholes    Australia's second-biggest city enters strict new coronavirus lockdown    Egypt records 123 new coronavirus cases, 18 deaths on Wednesday    Survivors mark 75th anniversary of world's 1st atomic attack    Egypt rejects Ethiopia's latest proposal on GERD: Irrigation ministry    Foreigners staying in Cairo without residency permits not allowed in major resort towns: EgyptAir    Egypt sending 2 planes loaded with medical aid to Lebanon after wrecking explosion    Global coronavirus deaths exceed 700,000    Beirut reels from huge explosion leaving at least 100 died, nearly 4,000 injured    After blast, Lebanon has enough grain for less than a month, minister says    Going for gold    Senate slam dunk    Don't miss the concerts of Boghdady Jazz Big band    My visual diary    The ambassadors of Cleopatra    African Champions League final will be played on Oct. 16-17, CAF says    Egypt invites Tesla's founder to visit Giza Pyramids after controversial tweets    Sisi: Egypt favours negotiations over a military solution to resolve Nile dam crisis: Al-Sisi    No room to delay Egyptian Premier League games – EFA's board member    Egypt's President Sisi ratifies extending state of emergency for 3 months    Egypt Cup games to resume after Premier League finishes: EFA    The Facebook Preacher's Search for Fame, and Egypt's Economy    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Hyksos campaigns were internal takeover, not foreign invaders: study    Reports over Ethiopia filling mega-dam    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Google ‘translate' ancient Egyptian hieroglyphs    Zaha speaks out after online racial abuse    Farwell to 74-year old Egyptian military production minister El-Assar    







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.