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REUTERS
Egyptian dairy company Arabian Food Industries Co (Domty) is planning to invest 240 million Egyptian pounds ($27 million) in 2016-17 to fund expansion and increase production capacity, Vice-Chairman Mohamed Damaty told Reuters on Monday.
Domty, which raised a combined 1.13 billion pounds in private and public share offerings in March, has two factories
in the 6th of October district near Cairo and plans to start producing baked
goods and sweetened milk, alongside its cheeses and juices.
Damaty said that the company plans to open a new factory next month that will increase juice production and start the new line of baked goods.