Henkel to pump EUR50mn in investments over next five years
Henkel, the German multinational company, is planning to invest EUR50mn to expand in the Egyptian market over the next five years, said the company’s Egypt president Ahmed Fahmy. Investments will be directed towards building a new detergent and home care factory in 6 October by end 2017 over 77k sqm, and EUR10mn for expansions of its existing facility. The bulk of the company’s inputs are domestically sourced, Henkel’s brand portfolio includes Persil detergent, Purex washing powder, Schwarzkopf hair care, Dial soap and Pritt glue sticks.
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