{"id":594936,"date":"2019-09-11T04:03:49","date_gmt":"2019-09-11T04:03:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/"},"modified":"2019-09-11T04:03:49","modified_gmt":"2019-09-11T04:03:49","slug":"egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/","title":{"rendered":"Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade"},"content":{"rendered":"

Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse disclosure (pdf)<\/a>. The company also signed a contract to purchase a machine to produce a new variety of processed cheese spreads in Tetra Pak packaging, alongside its traditional glass-contained spreads. Catalyst Leasing<\/a>, an equipment leasing and financing company, has signed a five-year EGP 135 mn contract with Obour Land to supply Tetra Pak\u2019s<\/a> advanced technology food processing and packaging machines imported from the EU, according to a statement (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse disclosure (pdf). The company also signed a contract to purchase a machine to produce a new variety of processed cheese spreads in Tetra Pak packaging, alongside its traditional glass-contained spreads. Catalyst Leasing, an equipment leasing […]<\/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":[7255],"tags":[72,900,131,723],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594936","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-food-and-beverage","tag-manufacturing","tag-obour-land","wpautop","entry"],"acf":{"mongo_id":"f9a27abf-33f5-4d13-ba3c-1dbdfd562c31","is_powered_by":true,"section_story_id":"0b134021-7c56-455b-a7de-6a9306dbe9a9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594907],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade - 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\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade\" \/>\n<meta property=\"og:description\" content=\"Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse disclosure (pdf). The company also signed a contract to purchase a machine to produce a new variety of processed cheese spreads in Tetra Pak packaging, alongside its traditional glass-contained spreads. Catalyst Leasing, an equipment leasing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-11T04:03:49+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\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade\",\"datePublished\":\"2019-09-11T04:03:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"food and beverage\",\"Manufacturing\",\"Obour Land\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egyptian-cheesemaker-obour-land-to-invest-usd-8-mn-in-assembly-line-upgrade\/\",\"name\":\"Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade - 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The assembly also approved entering into partnerships with other companies in the sector. The decision was prompted by difficulties in securing milk for its manufacturing\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591801,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egyptian-cheesemaker-obourland-plans-to-raise-exports-to-usd-5-mn-in-3-years\/","url_meta":{"origin":594936,"position":1},"title":"Egyptian cheesemaker Obourland plans to raise exports to USD 5 mn in 3 years","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Dairy producer Obourland aims to bring its exports to USD 5 mn in three years,the companysaid in a statement (pdf). The company said its planned export increase will be supported largely by its juice products, but did not specify which export markets it is targeting.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621921,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/ebrd-signs-usd-7-mn-loan-agreement-with-obour-land-to-finance-expansions\/","url_meta":{"origin":594936,"position":2},"title":"EBRD signs USD 7 mn loan agreement with Obour Land to finance expansions","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has signed a USD 7 mn loan agreement with Egyptian cheesemaker Obour Land, according to an EBRD statement. Obour Land will us the loan to finance its expansion plans, including establishing a \u201cgreenfield dairy farm, with imported milking equipment and 2,500 dairy\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596351,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/earnings-watch-obour-land-reports-1h2019-results\/","url_meta":{"origin":594936,"position":3},"title":"Earnings watch: Obour Land reports 1H2019 results","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"EARNINGS WATCH- Cheesemaker Obour Land recorded net income of EGP 127.3 mn in 1H2019, up 10.49% y-o-y from EGP 115.2 mn during 1H2018, according to its consolidated financial statement (pdf). Revenues for the first half of the year increased to EGP 1.19 bn, up 5.13% y-o-y from 1H2018.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559495,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/earnings-watch-obour-land\/","url_meta":{"origin":594936,"position":4},"title":"Earnings watch: Obour Land","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Cheesemaker Obour Land reported a 5.1% y-o-y rise in its consolidated net income in 2020 to EGP 310 mn, up from EGP 295 mn in 2019, the company said in a bourse filing (pdf). Revenues for the year came in at EGP 2.74 bn, up from EGP 2.59 bn in\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573688,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/","url_meta":{"origin":594936,"position":5},"title":"Egypt\u2019s Obour Land to break ground on EGP 255 mn dairy farm before year-end","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"Obour Land will break ground before the end of the year on a new dairy farm expected to cost EGP 255 mn, investor relations head Ramy El Ghazaly said. 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