Thomas Cook in talks with UK government and investors over rescue deal    US sending troops to bolster Saudi air, missile defenses after attack    Egypt's presidency releases short film on the role of Egypt in founding of the UN    El Gouna Film Festival celebrates 100th birth anniversary of novelist Ihsan Abdel-Quddous    Poland's PiS pledges more spending ahead of parliamentary election    FIPRESCI and Netpack hosted by El Gouna Film festival for the first time    Small protests in Egypt dispersed by police    Tennis: Kenin battles past Stosur to claim Guangzhou crown    No crowds as Apple's iPhone 11 hits stores in China    Egypt jumps nine spots in Tourism Competitiveness Index rankings    Iran would destroy Saudi Arabia in any war:Hezbollah    Israel's Netanyahu trails rival by two seats, coalition talks loom    Ahly wins Egyptian Super Cup after beating Zamalek    Cameroon hires Toni Conceicao as national team coach    UK Labour deputy leader says Brexit stance behind effort to oust him    Egypt's developer SODIC hopes to buy 10% share in Heliopolis Housing    Rare protests in Egyptian streets after online call for dissent    Sisi Oks loan to build four desalination stations in South Sinai    Asian markets amid U.S.-China trade jitters    Egypt's tuk-tuk start-up Halan to tap Ethiopia before year-end    Preview: Plenty of promises as Egyptian league kicks off    Egypt's health ministry bans all ranitidine medication    Cairo Opera hosts closing ceremony of the Cairo International Festival for Contemporary and Experimental Theatre    Egypt, UAE cooperate over drugs combating    Allianz Egypt allots $399K to promote UNICEF's vulnerable children initiative    Felix Brych to referee Ahly-Zamalek Super Cup game in Egypt's Alexandria    Danone Nations, DECATHLON launch series of initiatives, creating change    World at risk of pandemics that could kill millions    'Egypt will not allow any country to impose its will on another in Ethiopian dam issue,' FM says    5 plant-based soup recipes to warm your body and soul    Egypt, Ethiopia at odds as talks over Blue Nile dam resume    Egypt says GERD talks with Ethiopia 'stumbled', next round in Khartoum in October    Egypt's Sisi discusses education, terrorism at national youth conference    Egypt's PM discusses details of Al-Hussein Mosque renovation    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







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





Eastern Company operates new machine with 8,200 cigarette stick/minute
Company started exporting molasses tobacco to UAE, Bahrain, Oman
Published in Daily News Egypt on 08 - 07 - 2019

Osama Fouad, IRO at Eastern Company (EC), said that a new NAHO-8 machine was operating during June 2019, with 8,200 cigarette stick/minute, in response to the EC's plan in maintaining the production capacity of the cigarettes manufacturing machines at all times. This is in accordance with the company replacement programme.
Fouad added that the company's production capacity currently stands at about 89bn cigarettes annually, and the company's existing machines allow the increase of production capacity at any time. The company depends on assessing the size of demand in the market and then determining the quantity of production.
Fawad told Daily News Egypt that EC started exporting molasses tobacco to the UAE, Bahrain, and Oman. The export rate is currently about 3% of the company's sales, and aims to increase this percentage in the coming years, as it seeks to open new export markets.
In general, he expects sales of black molasses to increase by 50% from current sales.
The company's financial statements in the first nine months, ending in March, showed profits falling by 15.77% on an annual basis, scoring EGP 2.89bn between July to March, down from EGP 3.43bn the year before.
Fouad attributed the fall to a decline in interest owed by EGP 365m and a total profit of EGP 156m.
The company's sales increased during that period to EGP 10.4bn against sales of EGP 10.02bn in the same period in 2017/18.


Clic here to read the story from its source.