Fine Hygienic Holding aims to increase its investments in Egypt to $185m

Fine Hygienic Holding, affiliated to Nuqul Group, aims to increase its investments in Egypt to $185m next year, compared to about $178m currently.

Ghassan Nuqul, chairperson of Fine Hygienic Holding, revealed that there are plans for the group’s subsidiaries to expand in the Egyptian market during the current year. He stressed that the group is studying a number of investment opportunities in Egypt during the current period and there are negotiations to acquire a company working in the field other than paper products. 

In April, Fine Hygienic Holding acquired the Egyptian company Easy, which operates in the manufacture of health and beauty care products, and is headquartered in Alexandria.

Nuqul said that Easy, which specializes in the manufacture of health and beauty care products, has been fully acquired, and will add new production lines in Egypt.

By acquiring Easy, Fine Hygienic Holding will be able to enhance its product portfolio in the Egyptian market, offering consumers a broader range of products.

The chairperson added that the company seeks to expand and enhance the operations of Fine Solutions, the arm of Fine Hygienic Holding, which serves institutions and companies of all sizes with health solutions and products that include sanitary paper, sterilizers, chemicals, soap, and others.

He pointed out that Fine Solutions is the first specialized entity in the region to cover the needs of hospitals, hotels, factories, schools, airlines and others.