Basic Materials + Commodities

Domty not entering new projects, further price increases expected

by enterpriseam adminEgypt Edition23 January 2017

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Domty Food Industries’ expansion plans are undeterred by the economic situation, but no new projects will be entered, CEO Mohamed El Damaty told Al Borsa. Further price increases to products can be expected, he added. Domty had announced they were investing EGP 240 mn in 2016-2017 to launch yellow cheese and cheese sandwich production lines this year.

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