Smart Paper Co is investing over EGP 1 bn in a food processing complex in Beheira, which will mark the paper manufacturing company’s foray into the food industry, Chairman Mohamed Ashour tells Al Mal. The complex will include seven factories to produce pasta, egg cartons, juice, and vegetable oil, among other goods. The first phase is slated for completion this year, and the second phase will be complete by the end of 2024.

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