{"id":543548,"date":"2022-02-07T03:44:10","date_gmt":"2022-02-07T03:44:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/"},"modified":"2022-02-07T03:44:10","modified_gmt":"2022-02-07T03:44:10","slug":"beyti-united-pharma-announce-investments-to-ramp-up-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/","title":{"rendered":"Beyti + United Pharma announce investments to ramp up production"},"content":{"rendered":"

<\/a> Dairy and juice producer <\/strong>Beyti<\/a><\/strong> plans to invest EGP 250 mn in Egypt this year to <\/strong>add new production lines<\/strong>, CEO Mark Wiley said yesterday in a statement carried by Mubasher<\/a>. The investment will also be used to expand the company\u2019s distribution network. Beyti invested EGP 204 mn in Egypt last year to launch new packaging and production lines, according to Wiley. Saudi dairy product producer Almarai owns and operates the Beyti brand in Egypt as part of a joint venture with PepsiCo.<\/p>\n

\n

Meds producer United Pharma will invest EGP 150 mn <\/strong>to upgrade machinery and add production lines at its 10th of Ramadan factory, increasing production capacity by 35%, Al Borsa<\/a>quoted company head Abdallah Mahfouz as saying. The renovated factory is set to come online by the middle of this year.<\/p>\n

About United Pharma:<\/strong> EFG Hermes\u2019 Rx Healthcare Fund acquired<\/a> some 80% of the company\u2019s shares in an estimated EGP 360 mn transaction in 2019, and reportedly pumped EGP 100 mn<\/a> into the company the following year to finance expansion plans.<\/p>\n

Shipping squeeze hits the pharma industry: <\/strong>Industry players are set to meet \u201csoon\u201d with the head of the Egyptian Drug Authority to discuss rising input prices, Al Borsa quoted Mahfouz as saying. The price of some raw materials used in the pharma industry has more than doubled on the back of higher shipping costs, Mahfouz reportedly said, leading to higher prices for meds and shortages of some products.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dairy and juice producer Beyti plans to invest EGP 250 mn in Egypt this year to add new production lines, CEO Mark Wiley said yesterday in a statement carried by Mubasher. The investment will also be used to expand the company\u2019s distribution network. Beyti invested EGP 204 mn in Egypt last year to launch new […]<\/p>\n","protected":false},"author":1,"featured_media":543549,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[828,72,125,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-dairy","tag-enterpriseam","tag-investment-watch","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"3795e1bd-cf27-408b-9afb-717d29fce62d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/78.jpg","photo_position":"above","related_issue":[543538],"teaser":"","voice_url":""},"yoast_head":"\nBeyti + United Pharma announce investments to ramp up production - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beyti + United Pharma announce investments to ramp up production\" \/>\n<meta property=\"og:description\" content=\"Dairy and juice producer Beyti plans to invest EGP 250 mn in Egypt this year to add new production lines, CEO Mark Wiley said yesterday in a statement carried by Mubasher. The investment will also be used to expand the company\u2019s distribution network. Beyti invested EGP 204 mn in Egypt last year to launch new […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-07T03:44:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beyti + United Pharma announce investments to ramp up production\",\"datePublished\":\"2022-02-07T03:44:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/78.jpg?fit=%2C&ssl=1\",\"keywords\":[\"dairy\",\"EnterpriseAM\",\"investment watch\",\"pharma\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/beyti-united-pharma-announce-investments-to-ramp-up-production\/\",\"name\":\"Beyti + United Pharma announce investments to ramp up production - 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Wiley said earlier this year that the company would invest EGP 250 mn in\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/41.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653593,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/20\/almarai-expands-egypt-footprint-with-two-new-egp-1-bn-production-lines-for-subsidiary-beyti\/","url_meta":{"origin":543548,"position":1},"title":"Almarai expands Egypt footprint with two new EGP 1 bn production lines for subsidiary Beyti","author":"enterpriseam admin","date":"20 October 2024","format":false,"excerpt":"The subsidiary is planning to up its exports proceeds to USD 50 mn in 2024, up from USD 35 mn previously","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1564.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581762,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/almarai-now-owns-100-of-beyti\/","url_meta":{"origin":543548,"position":2},"title":"Almarai now owns 100% of Beyti","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Saudi\u2019s Almarai buys PepsiCo out of Beyti: Saudi dairy producer Almarai has bought PepsiCo\u2019s entire 48% stake in the parent company of juice and dairy producer Beyti for SAR 255 mn (c. USD 68 mn), it said in a disclosure to the Saudi stock exchange on Sunday. 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