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Sales activities for new company Argo for Food Industries to be launched in October, says Safwan Thabet
Company’s production and net sales expected to grow by 20% in 2015
JV will expand Juhayna’s product portfolio to include cheese, butter and infant formula, will be 51% owned by Juhayna and will be managed by Arla
Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry
Reuters – Egypt’s Juhayna Food Industries , one of the country’s largest dairy product and juice makers, said on Monday it would appeal against a court sentence for its chairman. A spokesman for a Cairo court said Safwan Thabet, who is also Juhayna’s chief executive, had received a one-year jail sentence on Thursday for selling …
Juhayna, which counts among its clients EgyptAir, Air France and several large hotel chains, reported a 23% drop in its third-quarter net profit, hurt by muted sales growth and one-off foreign exchange losses.
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG