Domty’s new Sixth of October plant to start operations in December 2016
Arabian Food Industries (Domty) [DOMT.CA] is set to start operating its new factory in Sixth October by December 2016 or early 2017, the company's CEO said. The new factory, whose investment cost is cEGP240mn, will allow the company to add new products such as baked goods and yellow cheese. On another note, the new juice line is set to start production in three weeks’ time, which is expected to increase the firm’s juice production capacity to 100k tonnes from 65k tonnes annually. The firm is also targeting to raise its annual production capacity for white cheese to 215k tonnes by end-2016 from 175k tonnes currently. (Al Borsa) Domty: EGP7.45 as of 14 August 2016, Rating: Buy, FV: EGP12.65 per share, MCap: USD237mn, DOMT EY / DOMT.CA
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