Juhayna Food Industries’  (JUFO.CA) partnership agreement with Danish dairy food company, Arla Foods, is expected to launch operations in August 2016 in one of Juhayna’s existing plants until a new factory is built. According to Juhayna’s Chairman Safwat Thabet, the joint venture between the two companies was established for the production of milk, butter, baby milk products, as well as other food products in the local market with a total capital of EGP200mn, which is expected to be raised to EGP500mn in the coming period. On another note, Juhayna plans to expand its dairy herd by 2,500 cows, of which it has already received 400 and is expected to receive another 800 in two months’ time. In addition, the company is looking to invest EGP180mn at its dairy farm in 2016, partly financed through long- and medium-term loans. During the summer and Ramadan season, Juhayna plans to increase its production of yoghurt, milk and juice, as well as introduce new products in the market. Juhayna released a new Yoghurt Plus product, a new milk product for children, as well as the yoghurt mix in the past two months. (Al Borsa)   Juhayna: EGP7.10 as of 11 May 2016, Rating: Buy, FV: EGP9.50 per share, MCap: USD753 million, JUFO EY / JUFO.CA