Confectioner El Rashidy El Asly inaugurated the first phase of its EGP 200 mn factory in Sixth of October City, which will triple the company’s current production levels, according to Al Mal. The factory was partially financed through a loan from the European Bank for Reconstruction and Development, and is scheduled to reach full production capacity by March 2020. The company had reportedly planned to complete the factory in 2018.

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