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FINANCIAL NEWS
Mani plans $8m expansion at Dubai factory
06 Sep 2010
(MENAFN) Mani & Company, a leading producer of fruit and nut snacks in the region, has announced plans to invest $8.16 million for expansion of its UAE processing and packaging factory in Dubai Investment Park (DIP).
The Dubai-based company had recently reported a UAE sales growth of more than 75 percent during the first half of this year.
Although the UAE is said to remain Mani’s biggest commercial market, the capacity expansion signals a change in business targets with nearly 65 percent of output now reserved exclusively for GCC export, 25 percent going to the UAE and another 10 percent being supplied to European markets, said a top official.
Mani & Co�s Dubai office was first opened in December 2004 with production operations commencing in 2009 as the company opened up its first factory in the UAE.
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