(3 minutes read)
- Beyti Food Industries Company invested LE 204 million in the Egyptian market during 2021
- The investments are mostly in the new production and packaging lines in the food sector
- This was revealed by CEO of the company Mark Wiley in a statment. He also said that Beyti is aimed to invest LE 250 million in the Egyptian market during 2022
- In the current year, the company will develop the manufacturing system and tone up the quality control systems in the production process stages to enhance the efficiency
Beyti Food Industries Company invested LE 204 million in the Egyptian market during 2021. The investments are mostly in the new production and packaging lines in the food sector.
This was revealed by CEO of the company Mark Wiley in a statement. He also said that Beyti aimed to invest LE 250 million in the Egyptian market during 2022. In the current year, the company will develop the manufacturing system and tone up the quality control systems in the production process stages to enhance the efficiency. The company is also committed to develop the food industry in the Egyptian market to cater to countries in Middle East.
The company achieved growth rate of 31 percent during 202. It is now poised to increase the rate further in 2022. The company owns 24 lines for the production of juices, milk and yogurt, and aims to open new production lines in 2022. Beyti Company was established in 1998 by acquiring a commercial dairy farm in Egypt from the Saudi group “Dallah Al-Baraka” and in 2009, the company was acquired by the International Dairy and Juice Company, which is a joint venture between PepsiCo International and Almarai Company.
