Red Cross says Mozambique's Beira port devastated by cyclone    Egyptian pound appreciates to highest in over two years    Right man for the right job    Israel depriving Palestinians of clean water: UN rights expert    Pound falls as lawmakers challenge PM May's Brexit deal before third vote    Marvellous Messi hits hat-trick as Barca torment Betis    Manchester United can't afford any more slip-ups, says Matic    Tennis: Teenager Andreescu stuns Kerber to win Indian Wells title    Cairo to see high of 26 degrees on Tuesday as spring approaches    An organisation for African women    Egypt's envoy to New Zealand offers condolences to families of Egyptian victims of mosque attack    Countdown to the eighth Downtown Contemporary Arts Festival    Stream of Red Hot Chili Peppers concert at the Pyramids reaches 2.3 million views on YouTube    In Pictures: Egypt's Sisi visits Aswan's Philae Temple    EGP 735.59bn bank investments in T-bills by end-December 2018: CBE    Irrigation Minister warns of water scarcity in Egypt    Borussia Dortmund's late, great victory comes with a warning    Valtteri Bottas wins Australian Grand Prix as Mercedes get off to a flyer    Four Arab teams among CAF Champions League quarter-final qualifiers    Op-ed review: Christchurch attacks, Press Syndicate's election    Faisal Islamic Bank of Egypt purchases new office in Smart Village    Egyptian navy rescues two French tourists from drowning in Red Sea    Allianz Egypt allocates EGP 6.5m to support ‘I Deserve a Chance' Initiative    Parliament to discuss protection of personal data in Egypt    Eleven Egyptians among those wounded in Mosques' attack in New Zealand    Nasr inaugurates Japanese SEWS' two factories in Port Said    Egypt's Sisi calls for integration between Arab and African nations at youth forum in Aswan    Egypt consumes over 3 million tonnes of sugar yearly    Celebrate her Youth: An Initiative to Grow Bolder    Diaa Rashwan elected as head of Egypt's Press Syndicate    Egypt's Court of Cassation upholds verdict putting 169 Brotherhood members on terror list    Court of Cassation sentences 27 police officers to 3 years in prison    15th Alexandria International Book Fair kicks off on 25 March    Constitutional consultations begin    Are you using your mind?    Getty's symphony for Tutankhamun    Network overhaul    A matter of principle    The Forty Rules of Love play at Al-Salam Theatre is a must go    Hawas presents booklet of Tutankhamun's GEM displayed relics    Wake-up call in Libya    Egypt parliament to start national dialogue sessions on constitutional amendments next week    Leftist Egyptian writer Nabil Zaky dies at 83    In a crowded Eurovision field, standouts emerge    Urban development and social justice    A blueprint for the nation    Perfect present    Medals haul    







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





Riyada Egypt plans to increase its exports by 25%
Exports face fierce competition from Turkish products: Sudan
Published in Daily News Egypt on 20 - 02 - 2019

Port Said Food Industries and Dairy Products (Riyada Egypt) aims to increase its exports by 25% this year to reach $10m instead of $8m last year.
Chairperson of the company, Ibrahim Mohamed Sudan, said that Riyada Egypt plans to open new markets for its products in South Africa and East Asia as part of its plan to increase exports, as well as resume exports to markets that have been halted due to security disturbances and wars, including Yemen, Syria, Iraq, and Libya.
He pointed out that the company aims to inject investments worth EGP 200-230m over three years starting from this year to support the expansion plans and increase the capacity of production of packaging and cheese of different kinds.
“The company exports between 35 and 40% of its production to more than 22 countries in Africa, the Middle East, South America, Morocco, Jordan, and Saudi Arabia, while the domestic market accounts for 60-65% of production,” Sudan said.
The company relies on the import of 60% of raw materials, especially materials for packaging to raise the competitiveness of products.
He explained that Riyada Egypt owns a factory on an area of 40,000 sqm in Port Said with a capacity of 13,000 tonnes per month, with six production units, each of several production lines.
Riyada Egypt produces natural cheeses, cooked cheese, oriental and white cheeses, mozzarella cheese, as well as 10 gram butter for airlines and hotels.
Furthermore, he highlighted that the most prominent obstacles to export is the length of the shipment period of up to 30 days, in addition to the delay in the payment of subsidies for export and fierce competition by some countries, including Turkey.
Riyada Egypt was established in 2005 with a production capacity of 20 tonnes of milk per day. Its total capacity has since increased to 130 tonnes per day. It is a joint stock company owned by the family and works in the local market in the production and distribution of cheese.
Sudan said that the company has recently acquired the rights to package cooked mozzarella cheese of Kraft Foods Inc for the purpose of producing and distributing it in Egypt and a number of African countries due to the commitment and accuracy of the company in production that won it ISO 22000-ISO 9001-OHSAS 18001-Haccp, thus affirming the company's comprehensive quality and adherence to international standards.
Moreover he emphasized that Kraft Foods Inc had a plan to put its products in Egypt through local companies, and Riyada was chosen after competing with six other companies. He noted that they contracted on importing three production lines from Germany and Denmark to implement the expansion plan, which includes Kraft packaging products.


Clic here to read the story from its source.