Nestlé Egypt targets 20% increase in exports in 2018

Nestlé Egypt is looking to increase its exports 20% y-o-y in 2018 from a current USD 50 mn as it eyes further expansion in North African markets, CEO Moataz El Hout said, according to Al Masry Al Youm. The company is also working on gradually increasing its reliance on local raw materials, El Hout said, adding that 40% of the company’s production inputs are sourced domestically.