{"id":654097,"date":"2024-10-28T00:00:00","date_gmt":"2024-10-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/otsuka-breaks-ground-on-new-usd-40-mn-factory\/"},"modified":"2024-10-28T00:00:00","modified_gmt":"2024-10-28T00:00:00","slug":"otsuka-breaks-ground-on-new-usd-40-mn-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/otsuka-breaks-ground-on-new-usd-40-mn-factory\/","title":{"rendered":"Otsuka breaks ground on new USD 40 mn factory"},"content":{"rendered":"

Construction of Egypt\u2019s Otsuka\u2019s new factory is underway: <\/strong>Investment Minister Hassan El Khatib laid the foundation stone for Arab Otsuka Nutraceuticals<\/a> subsidiary Egypt Otsuka<\/a> \u2019s factory for nutritional products in Tenth of Ramadan yesterday, according to a ministry statement<\/a>. The factory will initially focus on the manufacture of Otsuka\u2019s Oronamin C drink. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The timeline:<\/strong> The factory should be up and running by September 2025, with an eye toward kicking off exports to Gulf countries by January 2026, Mubasher<\/a> quotes Arab Otsuka\u2019s Managing Director Kiyoto Taira as saying.<\/p>\n

The company aims to in<\/strong>vest USD 40 mn in the<\/strong> first phase of the factory<\/strong>, Mubasher quotes Egypt Otsuka\u2019s president Ahmed Zaghloul as saying, with production capacity set to reach 100 mn units annually. The new facility is the company\u2019s fifth plant in Egypt, with the firm intending to increase its investments and expand production in the coming period, Zaghloul added. <\/p>\n

Remember:<\/strong> Egypt Otsuka was granted a golden license<\/a> to establish and operate the factory back in August. The firm is one of only three Japanese companies to receive the government\u2019s golden license, El Khatib said, adding that the government hopes the project will attract more Japanese companies to Egypt.<\/p>\n

\n

\n

ALSO- Supply minister follows up with Feerum Egypt over its planned silo factory:<\/strong> Supply Minister Sherif Farouk met with Janusz Musialski \u2014 CEO of the Egyptian arm of Polish grain silo manufacturer Feerum \u2014 to discuss next steps for moving forward with Feerum\u2019s planned EGP 1.6 bn grain silo project<\/a>, according to a Supply Ministry statement<\/a>.<\/p>\n

What\u2019s next? <\/strong>A committee of representatives from the ministries of investments, supply, and finance will be set up next month to look into resuming the silo project, project partner engineering firm Samcrete\u2019s Refky Kamel told Al Borsa<\/a>. The committee should conduct the necessary work to grant the consortium carrying out the project the final green light and have it resume negotiations with local lenders.<\/p>\n

Remember:<\/strong> Feerum last week<\/a> refuted local media reports that it would be backing out of the project after the Supply Ministry reportedly canceled an order for a silo, hampering negotiations with local banks over financing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The factory should be up and running by September 2025<\/p>\n","protected":false},"author":1,"featured_media":654098,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[317,72,7115,131,427,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-commodities","tag-enterpriseam","tag-healthcare","tag-manufacturing","tag-pharma","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"951a0387-415a-4039-83bb-955ab4e7a746","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2352.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Otsuka breaks ground on new USD 40 mn factory in Egypt","related_issue":[654085],"teaser":"The factory should be up and running by September 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.9babc5fe-7ed6-4bcd-95c0-56bd860fa837.mp3"},"yoast_head":"\nOtsuka breaks ground on new USD 40 mn factory - 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Here\u2019s the rundown:Egypt Otsuka plans USD 30 mn factory: The local unit of Japanese pharma company Otsuka plans to invest USD 30 mn in a new factory to produce nutritional supplements and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640252,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/al-ismaelia-to-complete-two-new-downtown-hotels-by-2025-plus-egpc-goes-solar-cib-ostuka-noornation-kbw-ventures-radwan-rowan-university-heads-to-the-nac\/","url_meta":{"origin":654097,"position":1},"title":"Al Ismaelia to complete two new Downtown hotels by 2025. PLUS: EGPC goes solar, CIB + Ostuka, NoorNation + KBW Ventures, Radwan, Rowan university heads to the NAC","author":"enterpriseam admin","date":"22 August 2024","format":false,"excerpt":"The projects will add a combined 120 units to the area\u2019s hotel capacity","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1964.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639818,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/15\/executive-regs-to-hospital-privatization-and-more-received-the-greenlight-from-the-cabinet\/","url_meta":{"origin":654097,"position":2},"title":"Executive regs to hospital privatization and more received the greenlight from the cabinet","author":"enterpriseam admin","date":"15 August 2024","format":false,"excerpt":"President Abdel Fattah El Sisi ratified the hospital privatization bill back in June.","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654397,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/01\/egypt-is-mapping-out-three-potential-routes-for-its-imf-program-adjustment-2\/","url_meta":{"origin":654097,"position":3},"title":"Egypt is mapping out three potential routes for its IMF program adjustment","author":"enterpriseam admin","date":"1 November 2024","format":false,"excerpt":"Good morning, friends, and a welcome to a well-deserved weekend to relax and recover before getting back at your desk on Sunday.It\u2019s always a good time to treat yourself to a new work bag. You may not be able to blag it as a work expense, but at least you\u2026","rel":"","context":"In "THE WEEK IN REVIEW"","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2881.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593831,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/godiva-could-set-up-a-factory-and-stores-in-egypt\/","url_meta":{"origin":654097,"position":4},"title":"Godiva could set up a factory and stores in Egypt","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"Belgian chocolatier Godiva could set up shop in Egypt with chocolate stores and a factory to act as its regional base for manufacturing and sales, sources close to the matter tell Al Mal. Godiva is looking at setting up stores to test the appetite (pun not intended) for their products\u2026","rel":"","context":"In "Manufacturing"","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":651875,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/chinas-chint-opens-low-voltage-switchgear-manufacturing-factory\/","url_meta":{"origin":654097,"position":5},"title":"China\u2019s CHINT opens low-voltage switchgear manufacturing factory","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"China\u2019s CHINT Group opened its first low-voltage switchgear manufacturing factory in Cairo on Sunday, the company announced yesterday in a statement. \u201cProduction of the first switchgear is expected to be completed on 1 March and the factory is estimated to produce goods worth an approximate [USD 5 mn],\u201d the statement\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=654097"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654097\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654098"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654097"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654097"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}