Beyti launches new factory by end of year

Beyti Food Industries is set to begin operations at its EGP 1 bn new juice factory in Nubaria in the outskirts of Alexandria by the end of the year, CEO Mohamed Badran tells Al Borsa. The company sees its sales growing by 20% y-o-y in 2017 following expansions last year, he added, with exports also growing to comprise 20% of total sales, from 10% in 2016. The juice factory is part of a EGP 4 bn expansion plan than also included a 5,000 cattle capacity farm. Badran says the expansion financed by Beyti’s Saudi parent Almarai reflects trust in the Egyptian economy’s growth prospects.