Halwani Bros investing EGP 100 mn into dry products factory this year

Halwani Bros are looking to build a dry products factory with an investment value of EGP 100 mn this year as part of its strategy to boost production by 50%, CFO Fathy Mohamed told Al Borsa. The new factory will separate dry products from the existing poultry factory, he added. The company had estimated the project’s cost before the EGP float and is currently reevaluating the cost studies ahead of beginning construction, said Mohamed.