{"id":554121,"date":"2021-12-21T03:59:18","date_gmt":"2021-12-21T03:59:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/"},"modified":"2021-12-21T03:59:18","modified_gmt":"2021-12-21T03:59:18","slug":"nestle-ups-investment-packaging-manufacturer-uflex-opening-here","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/","title":{"rendered":"Nestl\u00e9 ups investment, packaging manufacturer Uflex opening here"},"content":{"rendered":"

<\/a> Nestl\u00e9 Egypt is investing EGP 700 mn in new production lines at its Sixth of <\/strong>October factory<\/strong> between 2021 and 2025, CEO Moataz El Hout said during Prime Minister Moustafa Madbouly\u2019s visit to the facility yesterday, according to a cabinet statement<\/a>. The company has already invested EGP 100 mn of the allotted amount in a new production line that Madbouly inaugurated yesterday.<\/p>\n

IN OTHER INVESTMENT NEWS-<\/strong><\/p>\n

Indian plastic packaging manufacturer <\/strong>Uflex<\/a><\/strong> is planning a new USD 30 mn <\/strong>chemicals plant<\/strong> in Egypt<\/strong>, according to a cabinet statement<\/a>. The announcement came during Madbouly\u2019s inauguration of a new plastic films production line yesterday at the company\u2019s USD 100 mn Sixth of October factory, which the cabinet says is the first of its kind in the MENA region.<\/p>\n

The factory is operated by Uflex\u2019s global film manufacturing arm Flex Films<\/strong>, which has so far invested USD 200 mn in its Egypt operations, the statement says. The company produces 125 tons of plastics per year from its Sixth of October factory, and exports 60% of its production to 60 countries, bringing in USD 190 mn per year.<\/p>\n

Misr Life Ins. Company<\/strong> and the National Bank of Egypt<\/strong> have launched (pdf)<\/a> an EGP 50 mn equity fund to be managed by the bank\u2019s investment arm Al Ahly Financial Investment Management. Subscription to the Al Ahly Life fund started on Sunday through NBE branches nationwide and will run for two months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nestl\u00e9 Egypt is investing EGP 700 mn in new production lines at its Sixth of October factory between 2021 and 2025, CEO Moataz El Hout said during Prime Minister Moustafa Madbouly\u2019s visit to the facility yesterday, according to a cabinet statement. The company has already invested EGP 100 mn of the allotted amount in a […]<\/p>\n","protected":false},"author":1,"featured_media":554122,"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":[72,1404,125,3115,281,248,3116],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-india","tag-investment-watch","tag-misr-life-insurance","tag-moustafa-madbouly","tag-national-bank-of-egypt","tag-nestle","wpautop","entry"],"acf":{"mongo_id":"991e9083-cd3e-46b2-96d5-1cb09f9c150a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/433.jpg","photo_position":"above","related_issue":[554115],"teaser":"","voice_url":""},"yoast_head":"\nNestl\u00e9 ups investment, packaging manufacturer Uflex opening here - 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\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nestl\u00e9 ups investment, packaging manufacturer Uflex opening here\" \/>\n<meta property=\"og:description\" content=\"Nestl\u00e9 Egypt is investing EGP 700 mn in new production lines at its Sixth of October factory between 2021 and 2025, CEO Moataz El Hout said during Prime Minister Moustafa Madbouly\u2019s visit to the facility yesterday, according to a cabinet statement. The company has already invested EGP 100 mn of the allotted amount in a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-21T03:59:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/433.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\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Nestl\u00e9 ups investment, packaging manufacturer Uflex opening here\",\"datePublished\":\"2021-12-21T03:59:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/433.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"India\",\"investment watch\",\"Misr Life Insurance\",\"Moustafa Madbouly\",\"National Bank of Egypt\",\"Nestl\u00e9\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/nestle-ups-investment-packaging-manufacturer-uflex-opening-here\/\",\"name\":\"Nestl\u00e9 ups investment, packaging manufacturer Uflex opening here - 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