Companies / Egypt
Juhayna Makes Major Investments
June 2008 | Company Finance AlertLeading Egyptian dairy producer Juhayna Food Industries has announced its plans to establish two new subsidiaries that will have a combined capital of EGP450mn (US$84mn). The first will specialise in marketing and distribution and will have capital of EGP200mn (US$37.3mn), while the second will specialise in agricultural development. In recent years Juhayna has been looking to increase its production capacity and broaden its product portfolio, while also expanding to more international markets, which these investments will allow it to do.
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