Domty’s new juice plant affected by sugar shortage
Arabian Food Industries’ (Domty) (DOMT.CA) CEO Mohamed El Damaty said that the company’s newly-launched juice factory in Sixth of October is barely operating at its targeted production capacity due to scarcity of sugar, which became expensive and hard to find. The new factory, which was launched last week, is expected to increase the firm’s juice production capacity to 100k tonnes from 65k tonnes annually. (Al Mal) Domty: EGP5.80 as of 05 October 2016, Rating: Buy, FV: EGP10.20 per share, MCap: USD185mn, DOMT EY / DOMT.CA
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