CPC to invest EGP1bn on expansion over the coming three-five years
Cairo Poultry Company (CPC) (POUL.CA) is looking to invest EGP1bn over the coming three-five years to expand its business. The company is considering acquiring existing players in the market or setting up new poultry farms, according to Managing Director Adel El Alfy. It is currently in talks with the Ministry of Agriculture to secure a land plot for a new poultry project, he added, in addition to expanding in feed and frozen poultry activities. The company is also considering launching a solar power plant to reduce production costs during 2020. New investments are typically financed 50% internally, and the rest through debt. CPC currently produces c18k tonnes of chicken annually under the brand name ‘Kouki’, with a market share of c45% in the processing segment. It also managed to add hamburgers and hot dogs to its meat factories, raising its share in the segment to c15%.