Construction of Egypt’s Otsuka’s new factory is underway: Investment Minister Hassan El Khatib laid the foundation stone for Arab Otsuka Nutraceuticals subsidiary Egypt Otsuka ’s factory for nutritional products in Tenth of Ramadan yesterday, according to a ministry statement. The factory will initially focus on the manufacture of Otsuka’s Oronamin C drink.

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The timeline: The factory should be up and running by September 2025, with an eye toward kicking off exports to Gulf countries by January 2026, Mubasher quotes Arab Otsuka’s Managing Director Kiyoto Taira as saying.

The company aims to invest USD 40 mn in the first phase of the factory, Mubasher quotes Egypt Otsuka’s president Ahmed Zaghloul as saying, with production capacity set to reach 100 mn units annually. The new facility is the company’s fifth plant in Egypt, with the firm intending to increase its investments and expand production in the coming period, Zaghloul added.

Remember: Egypt Otsuka was granted a golden license to establish and operate the factory back in August. The firm is one of only three Japanese companies to receive the government’s golden license, El Khatib said, adding that the government hopes the project will attract more Japanese companies to Egypt.

ALSO- Supply minister follows up with Feerum Egypt over its planned silo factory: Supply Minister Sherif Farouk met with Janusz Musialski — CEO of the Egyptian arm of Polish grain silo manufacturer Feerum — to discuss next steps for moving forward with Feerum’s planned EGP 1.6 bn grain silo project, according to a Supply Ministry statement.

What’s next? A committee of representatives from the ministries of investments, supply, and finance will be set up next month to look into resuming the silo project, project partner engineering firm Samcrete’s Refky Kamel told Al Borsa. The committee should conduct the necessary work to grant the consortium carrying out the project the final green light and have it resume negotiations with local lenders.

Remember: Feerum last week refuted local media reports that it would be backing out of the project after the Supply Ministry reportedly canceled an order for a silo, hampering negotiations with local banks over financing.

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