Beyti has established its new factory in Nubaria with an investment cost of EGP 1bn, according to the company’s managing director, Mohamed Badran.
The launch of the new factory comes as part of a plan to pump investments worth EGP 4bn. This factory will be established on an area of 60,000 sqm, with the aim of producing 1.5bn packages per year, according to Badran.
Beyti targets an increase in sales to EGP 5bn by 2020,and seeks to increase the number of its employees to 7,000, Badran said.
The company’s new projects include the establishment of a farm with 20,000 cows for dairy production.
The company raised its production capacity 200%, which increased its sales by 150% over the past three years.