Economic - Markets

Dairy Maker Domty to Finish 2016 Investment Plan in Q2 of 2017

EGYPT - Egyptian dairy maker Arabian Food Industries Company-Domty is scheduled to finish its investment plan within the second quarter of 2017, Head of Investors Relations Ahmed El-Homosany stated Thursday.

 The company started executing the plan at the beginning of 2016.

 

Speaking to Amwal Al Ghad, the official added that the total investments of Domty's plan are estimated at around 100 million Egyptian pounds ( around US$5 million).

 

"Large part of these investments would be allocated for purchasing new cars for distribution," Mr El-Homosany stated, adding that the number of cars is expected to reach 300.

 

Meanwhile, the other part of the investments would be dedicated for adding new machines.


 

TheCattleSite News Desk

Source: thedairysite
User Comments
Your name * :
E-mail * :
Title * :
Content * (If you can write Vietnamese, Pls use Unicode font):
 
Mã bảo mật * :   
   
Other article
Cheese Prices Rebound to End the Week
UK milk deliveries rise in September - AHDB
Spot Milk Remains Tight but Component Levels are Healthy
Brazil milk prices continue to rise - Cepea
Share by Email Fonterra annual profit falls 25%
Cheese and Butter Inventories Drop More Than Expected
Milk Production and Cow Numbers Drop, Prices See Some Growth
How We Saved a 600-Cow Dairy Farm in 6 months
US raw milk sellers undeterred by avian influenza outbreaks
Milk Prices Finish the Week Strong