Bayer Foods to invest EGP 400 mn to expand production operations

Bayer Foods is planning to invest EGP 400 mn to expand its production operations in Egypt, establishing pasta and biscuit production facilities, Al Borsa reports. The company expects its annual sales this year to reach EGP 600 mn, and is targeting boosting that figure to EGP 1.3 bn upon completing its expansion plans in 2020.