Sima Food Industries looking to increase prices, exports

Sima Food Industries is looking to raise its prices 5% and its exports 10% this year to offset increased costs, Al Mal reports. The company is eyeing new export markets, including Russia, Ukraine, and Kazakhstan and is also looking to increase its annual production capacity to 25k tonnes from 20k tonnes, according to Sima’s head of exports Mahmoud Salah El Din. Sima is also looking into adding a new production line to manufacture biscuits in 2018.