Katilo to invest EGP 120 mn in New Damietta cheese factory

Dairy manufacturer Katilo is building an EGP 120 mn cheese factory in New Damietta, Chairman Abdel Moneim Katilo tells Al Borsa. The project will price an annual 12,000 tonnes of cheese, once it’s complete in four months’ time, most of which will be earmarked for export, he says.