{"id":568258,"date":"2020-12-23T03:47:36","date_gmt":"2020-12-23T03:47:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/"},"modified":"2020-12-23T03:47:36","modified_gmt":"2020-12-23T03:47:36","slug":"monginis-to-open-second-factory-in-2q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/","title":{"rendered":"Monginis to open second factory in 2Q2021"},"content":{"rendered":"<p><strong>Sweetmaker <\/strong><strong><a href=\"https:\/\/monginisscakes.com\/\">Monginis<\/a><\/strong><strong> is planning to inaugurate its planned EGP 100 mn factory in <\/strong><strong>Sadat City in 2Q2021<\/strong>, Business Development Director <a href=\"https:\/\/alborsaanews.com\/2020\/12\/22\/1407746\">Osama Soliman said<\/a>. The company had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c4636bbf-cbce-4c50-90b0-854ebb75136c\">been planning<\/a> to open the factory \u2014 its second in Egypt \u2014 by the end of the year or in early January, after sales recovered 70% from lows seen during the height of the pandemic earlier in the year. The Indian company is also planning to invest EGP 200 mn to double its branches to 200 by 2022, Soliman <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b16a6e9c-80b9-42ef-be01-b9e1c8f7a82c\">said last week<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sweetmaker Monginis is planning to inaugurate its planned EGP 100 mn factory in Sadat City in 2Q2021, Business Development Director Osama Soliman said. The company had been planning to open the factory \u2014 its second in Egypt \u2014 by the end of the year or in early January, after sales recovered 70% from lows seen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,900,125,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568258","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-enterpriseam","tag-food-and-beverage","tag-investment-watch","tag-retail","wpautop","entry"],"acf":{"mongo_id":"f7812981-be6f-426f-93e2-0f062f7097e1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568243],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monginis to open second factory in 2Q2021 - 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\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monginis to open second factory in 2Q2021\" \/>\n<meta property=\"og:description\" content=\"Sweetmaker Monginis is planning to inaugurate its planned EGP 100 mn factory in Sadat City in 2Q2021, Business Development Director Osama Soliman said. The company had been planning to open the factory \u2014 its second in Egypt \u2014 by the end of the year or in early January, after sales recovered 70% from lows seen [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T03:47:36+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Monginis to open second factory in 2Q2021\",\"datePublished\":\"2020-12-23T03:47:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"food and beverage\",\"investment watch\",\"retail\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\",\"name\":\"Monginis to open second factory in 2Q2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-12-23T03:47:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Monginis to open second factory in 2Q2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Monginis to open second factory in 2Q2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/","og_locale":"en_US","og_type":"article","og_title":"Monginis to open second factory in 2Q2021","og_description":"Sweetmaker Monginis is planning to inaugurate its planned EGP 100 mn factory in Sadat City in 2Q2021, Business Development Director Osama Soliman said. 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Monginis is currently mulling opening seasonal stores in tourism cities such as Hurghada, Ain Sokhna, and Sharm El Sheikh. The company\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575388,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/","url_meta":{"origin":568258,"position":1},"title":"Monginis to open Sadat City factory in coming 3 months","author":"enterpriseam admin","date":"13 October 2020","format":false,"excerpt":"Indian sweet maker Monginis will open a EGP 150 mn factory in Sadat City in the next three months, as sales recover from a 70% plunge during the pandemic, commercial director Ahmed Helmy told Hapi Journal. The facility will be the company\u2019s second in Egypt.","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559601,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/27\/galina-pushes-on-with-egp-600-mn-stake-sale-egx-debut\/","url_meta":{"origin":568258,"position":2},"title":"Galina pushes on with EGP 600 mn stake sale, EGX debut","author":"enterpriseam admin","date":"27 January 2021","format":false,"excerpt":"Galina attracts local, international investor interest in EGP 600 mn stake sale, plans to offer 10% in EGX debut: Agrifoods player Galina Holding has lined up at least 10 foreign and local institutional investors interested in participating in a private placement that will see the company sell a 49% stake\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/337.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568813,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/galina-agrofreeze-starts-building-its-fourth-factory-in-egypt-to-cost-egp-115-mn\/","url_meta":{"origin":568258,"position":3},"title":"Galina-Agrofreeze starts building its fourth factory in Egypt, to cost EGP 115 mn","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Galina-Agrofreeze has broken ground on its fourth factory in Egypt, which is expected to cost EGP 115 mn and produce 10k tonnes of frozen fruits and vegetables a year, Chairman Abdelwahed Soliman told the press. The company has also recently completed its third factory, and is planning to inaugurate it\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593252,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/","url_meta":{"origin":568258,"position":4},"title":"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory","author":"enterpriseam admin","date":"21 November 2019","format":false,"excerpt":"Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman tells Al Mal. No details were provided on the project\u2019s timeline, location, or target markets, but Soliman said the company is planning to cover part of the cost through bank\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571744,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/galina-agrofreeze-to-invest-egp-87-mn-in-its-new-factory\/","url_meta":{"origin":568258,"position":5},"title":"Galina-Agrofreeze to invest EGP 87 mn in its new factory","author":"enterpriseam admin","date":"21 May 2020","format":false,"excerpt":"Frozen fruit and vegetables producer Galina\u2013Agrofreeze is investing EGP 87 mn to build a new factory, Chairman Abdel Wahed Soliman told Al Mal. 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