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FINANCIAL NEWS
Egypt’s Sakr Group aims to grow its exports to USD20m
07 Sep 2016
(MENAFN) Sakr Group for Food Industries plans to increase its exports in the recent year after the installation of its new factory for the production of juices.Furthermore, the firm also aims to double its exports of milk products and juices to hit USD20mn this year, compared to USD10mn of last year.Accordingly, 85 percent of the firm’s production is directed for the regional market, emphasizing that the holy month of Ramadan grew local sales in June and July.However, exports are facing some obstacles in the Egyptian market, particularly the high prices of production requirements, which is affected by the high US dollar rate.
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