Processed Food News
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Egyptian dairy maker Domty plans to list on Cairo bourse
El Damaty's family owns 70 percent of the company which was founded in 1989, and a Saudi investor owns the rest.
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Egypt's Juhayna says Q1 net income rises 51 pct
The company's revenue rose 7 percent to 867 million Egyptian pounds in the quarter.
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Egypt's Pioneers beats Lactalis in bid to acquire Arab Dairy
Pioneers is set to buy a 60.19 percent share in Arab Dairy to raise its share in the company to 100 percent.
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Lactalis subsidiary tops rival bid for Egypt's Arab Dairy
Lactalis has raised its offer for Egypt's Arab Dairy to 60.5 Egyptian pounds ($8.43) per share heating the battle with Pioneers Holding
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Bid deadline for Arab Dairy extended to January 22
Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt's Arab Diary.
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Egypt Dairy to be re-operated: Hanafy
Re-operating Egypt Dairy is possible however investments and modern equipment are needed, says former company president.
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New bid to acquire Arab Dairy offered, EFSA announces
Al-Nour made its offer to acquire 100% of Arab Dairy shares, with a minimum of 51% of its stakes, with the value of EGP 58 per share.
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Denmark's Arla Foods drops bid for Egypt's Arab Dairy
Maker of Lurpak and Puck had offered LE65 per share for Egypt cheese-maker acquisition for which Cairo-based Pioneers Holding got regulatory green light.
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Egypt’s Pioneers Holdings likely to acquire Arab Dairy Firm
This is a sign that businesses are beginning to steam ahead with their growth and expansion plans despite continuing political upheavals.
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Majority owner of Egypt's Juhayna sells 1.2 pct of firm
Top shareholder in Egypt's largest dairy and juice company sells 1.2% stake in deal worth $14 mn to investment firm Pharon.
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Egypt's Juhayna second-quarter profit falls
A 6-percent rise in sales was outpaced by a nearly 12-percent surge in the costs of goods sold, the company said on Wednesday.
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Saudi's Almarai, Pepsico to invest at least $345 mln in Egypt
The announcement was a fresh sign that foreign investment in the country may revive as a measure of stability returns.
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Egypt's Juhayna to issue bonus shares
Egypt's Juhayna Food Industries said on Wednesday it would distribute bonus shares on July 7.
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Egypt self-sufficient in production of eggs
The ministry is working on a plan to increase local production of veterinary vaccines so as to stop imports.
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Faragallah's letter to the President
After labor protests at the Faragallah factories, the company closed down – and here is what Chairman Mohamed Farag Amer had to tell the President.
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Juhayna increases efficiency with IBM Integrated Solutions
Juhayna Food Industries has turned towards using IBM Integrated Solutions, to improve its flexibility and efficiency.
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Freshi signs master franchising agreement in Egypt, UAE, Qatar, Bahrain
Freshi is the world’s fastest growing Ice Sticks chain, and will open in Egypt, United Arab Emirates, Qatar and Bahrain.
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Nestle Egypt holds press conference at the company's headquarter
Celebrating its 100th anniversary in Egypt, Nestle explained its new expansion strategy and prospective investment opportunities.
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80% of consumed milk in Egypt does not abide by quality control
An agreement has been signed to build the first factory worldwide that produces 1000 tons of healthy milk and juices a day.
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Nestle Egypt signs partnership with the Ministry of Education
Nestlé will implement the second phase of the "Nestlé Healthy Kids" Programme in Egypt during the 2011/12 academic year.