Localization, investment and expansion was the theme of Prime Minister Moustafa Madbouly’s trip to Port Said yesterday, where he toured the city’s industrial zones and factories.

MOAMEN PERFUMES PLANS EGP 200 MN AEROSOL FACILITY-

Moamen Perfumes will invest EGP 200 mn to establish Egypt’s first aerosol manufacturing plant, the company’s factory director Mohamed Moustafa Saad told Madbouly during his visit. The project will create 200 jobs and reduce the country’s import bill, Saad added. The company’s existing EGP 110 mn factory already employs 200 people and exports USD 800k worth of products a year and generates EGP 43 mn in local sales.

SOUDANCO TO LAUNCH EGP 250 MN JUICE EXPANSION-

Soudanco plans to expand its investments in its juice factory from EGP 350 mn to EGP 600 mn by next year and launch an orange concentrates factory in partnership with an unnamed Moroccan company at a cost of USD 7.5 mn, according to a statement by the MP.

EBM TEXTILE EYES 3X PRODUCTION BOOST BY 2025-

Egyptian-Turkish textile venture EBM Textile plans to triple its production capacity to 75k pieces per month by 2025 and grow its workforce from 100 to 400 employees, factory manager Mahmoud Ismail told the prime minister during his visit to the Port Said facility.

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