Domty increases local sales during FY2016 despite currency challenges, reduced exports

A 13% increase in dairy producer Domty’s local sales in FY2016 has offset the decline in exports to regional markets best by conflict, Managing Director Mohamed El Damaty told Al Borsa. The company maintained its market share and position as the country’s largest producer of white cheese for the fifth consecutive year, he claimed, despite the challenges that 2016 presented domestically and around the region. Domty’s expansion plans for 2017 include new production lines, increased distribution capacity, and new equipment for around EGP 200 mn in investments.