Farm Frites Egypt to invest EGP 300 mn to launch new product

INVESTMENT WATCH- Farm Frites to invest EGP 300 mn to launch new potato line: Farm Frites Egypt is planning to invest EGP 300 mn in two production lines to launch a new variety of pre-fried potatoes mixed with eggs and seasoned air-dried cured beef(basterma), company head Ashraf Al Quttaim told the press. The new lines will have a capacity of 5k tonnes a month when they begin operations in mid-2020, with this figure planned to reach 10k as it receives more orders. Some 90% of the end-product will be earmarked for exporting into markets including East Asia, Japan and the US.