{"id":646375,"date":"2017-06-13T04:08:35","date_gmt":"2017-06-13T04:08:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/hero-looking-to-increase-sales-to-egp-1-bn-from-egp-720-mn-in-2017\/"},"modified":"2017-06-13T04:08:35","modified_gmt":"2017-06-13T04:08:35","slug":"hero-looking-to-increase-sales-to-egp-1-bn-from-egp-720-mn-in-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/hero-looking-to-increase-sales-to-egp-1-bn-from-egp-720-mn-in-2017\/","title":{"rendered":"Hero looking to increase sales to EGP 1 bn from EGP 720 mn in 2017"},"content":{"rendered":"

<\/a> I<\/strong>NVESTMENT WATCH- Hero Middle East & Africa targets sales of EGP 1 bn, may open <\/strong>baby food plant:<\/strong> We sat down with Hero Middle East & Africa<\/a> Managing Director Mahmoud Bazan yesterday, who tells us that the company is targeting 2017 sales of EGP 1 bn, up from EGP 720 mn last year. He also revealed that the company is studying the possible opening here of a baby foods factory. The company has increased its production capacity to 70,000 tonnes annually in the past year after restructuring its 20-feddan Qalyubia plant\u2019s production lines.<\/p>\n

On the export font, Bazan added that Hero expects its exports to the US, which started <\/strong>this year, would grow to USD 10 mn annually within three years<\/strong>. The company is looking to increase exports to African countries as well. Hero stopped exporting to Qatar following the decision by Egypt and GCC countries to cut diplomatic ties with the Gulf country. Bazan said sales to Qatar only accounted for 2% of the company\u2019s total export receipts. He also made a point to note that Hero\u2019s profits in Egypt will not be repatriated, but will instead be reinvested in growing the company\u2019s business here.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Hero Middle East & Africa targets sales of EGP 1 bn, may open baby food plant: We sat down with Hero Middle East & Africa Managing Director Mahmoud Bazan yesterday, who tells us that the company is targeting 2017 sales of EGP 1 bn, up from EGP 720 mn last year. He also […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646375","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"54ae23c0-3b84-4dbc-b17f-088efcfa17a5","order":"0","is_powered_by":true,"section_story_id":"b032eb33-df4e-4a7c-91db-b6c83c1a5382","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646367],"teaser":"","voice_url":""},"yoast_head":"\nHero looking to increase sales to EGP 1 bn from EGP 720 mn in 2017 - 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\/2017\/06\/13\/hero-looking-to-increase-sales-to-egp-1-bn-from-egp-720-mn-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hero looking to increase sales to EGP 1 bn from EGP 720 mn in 2017\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Hero Middle East & Africa targets sales of EGP 1 bn, may open baby food plant: We sat down with Hero Middle East & Africa Managing Director Mahmoud Bazan yesterday, who tells us that the company is targeting 2017 sales of EGP 1 bn, up from EGP 720 mn last year. 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The company is currently conducting feasibility studies on expanding its export market to Europe, which should\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":632707,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/hero-foods-looking-to-increase-exports-20-in-2018\/","url_meta":{"origin":646375,"position":3},"title":"Hero Foods looking to increase exports 20% in 2018","author":"enterpriseam admin","date":"18 February 2018","format":false,"excerpt":"Hero Foods is looking to increase its exports 20% this year to EGP 420 mn, up from EGP 350 mn last year, Al Borsa reports. 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