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.



Riyada for dairy products aims to increase exports by 22% this year: Chairperson
EGP 15m injected to develop production lines of cottage cheese
Published in Daily News Egypt on 17 - 03 - 2020

Riyada for dairy products seeks to increase its exports by 22% by the end of this year, reaching $11m, compared to $9m last year.
Ibrahim Mohamed Sudan, the chairman of the company, said that Riyada exports 35% of its production to over 14 countries, including Morocco, United Arab Emirates (UAE), Bahrain, Palestine, Kuwait, Jordan, and Kingdom of Saudi Arabia (KSA).
He noted that the company seeks to open new markets in South Africa and East Asia within its plan to increase exports.
He estimated the company's exports last year at $9m, aimed to increase to $11m this year.
Riyada produces natural cheese, cooked cheese, white cheese, Mozzarella cheese, and others of the weight of 10gm for airlines and hotels, while larger quantities go to the local and export markets.
He explained that his company has allocated investments estimated at EGP 15m to develop current production lines to increase capacity by 30%, in addition to a new cottage cheese line this year.
He noted that the new line's capacity is estimated to be five tonnes per month. The company seeks to export the line's production to KSA, which accounts for 40% of the company's exports to Gulf countries.
He said that the company's sales were estimated to be EGP 400m, aimed to be increased to EGP 500m by the end of this year, at a 25% increase.
The company is certified by the Egyptian Food Safety Authority and has obtained the ISO 22000- ISO 9001 – OHSAS 18001-HACCP certificates due to its adherence to international food standards.
Riyada factory was established in 2005 with a production capacity of 20 tonnes of milk daily, and currently, its production capacity is 130 tonnes daily.
It is an Egyptian joint stock company working in the local market and specialised in producing and distributing cheese. It owns three brands in the local market which are Cheesa, Asala, and Diafa.


Clic here to read the story from its source.