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MRM Group achieves $2.9m of exports in first nine months of 2018 - Daily News Egypt

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MRM Group achieves $2.9m of exports in first nine months of 2018

Company considers establishing refrigerators, silos with investments of $2m in 2019

MRM Group for Agricultural Crops achieved exports of $2.9m in the first nine months of this year, and plans to reach $4.1m at the end of December, an increase of 15% compared to last year, when it reached $3.5m, according to the company’s chairperson Mahmoud Al-Walily.

Al-Walily said that the company is considering injecting $2m in investments to purchase grain storage refrigerators with a storage capacity of 2,500 tonnes, along with the construction of new silos for grains with a capacity of 10,000 tonnes in the next year.

The company aims to enter new markets this year, most notably the EU and Ukraine markets, along with the markets of Morocco, Algeria, Bulgaria, Turkey, and Greece, pointed out Al-Walily.

In addition, he explained that Arab countries are the largest importers of the company’s dried agricultural products, benefiting from the customs duty exemption under the Great Arab Trade Agreement (GATA).

Al-Walily also said that about 40% of the company’s production goes towards exports, revealing that they aim to increase this ratio to 60% of total production in the coming period.

MRM has four subsidiaries: Al-Magd, Al-Reyada, Al-Rowad, and Al-Mahmoudia.

The group has a rice milling and packing line with a capacity of 20 tonnes per hour, and a terminal for packing broad beans with a capacity of 50 tonnes per day.

The company also exports dry grains, such as beans, lentils, sesame, and green beans. It has refrigerators built on an area of 2,500 sqm.

The company expanded in exporting legumes, including lentils and beans, with the aim to offset the recent decline in exports, on the back of the government’s decision to ban exporting rice, Al-Walily indicated.

On the other hand, MRM imports beans from England, France, Australia, and Canada, and exports them to Arab countries, including Morocco and Algeria.

Al-Walily stressed the importance of participating in foreign food exhibitions as they gather a large number of companies from different countries, which contributes to promoting Egyptian products and entering new markets.

He called for increasing the state support for small exporters to participate in large international exhibitions which can help them to expand their businesses.

The company regularly participates in a number of international exhibitions, such as Sial Paris, Anuga Food Fair in Germany, and Gulfood in Dubai, concluded Al-Walily.

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