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FINANCIAL NEWS
Egypt- Halwani Bros to raise exports to EGP240mn
28 Feb 2017
(MENAFN) Halwani Bros Co. aims to raise its exports to EGP240mn this year, up from EGP120mn, an increase of 100 percent.
Accordingly, exports increased by almost 35 percent last year, with plans to enhance them more to increase dollar resources.
On the other hand, the firm also allocated EGP100mn in order to establish a dry products factory to increase productivity by 50 percent.
Furthermore, rising exports helps the firm secure an inflow of hard cash to buy imported raw materials, particularly Brazilian meat, which accounts for 80pct of the production input.
MENAFN2802201700450000ID1095273788
MENAFN2802201700450000ID1095273788
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