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01-Nov-2016

Juhayna to start manufacturing Arla products by December 2016

Juhayna Food Industries (JUFO.CA) is planning to start manufacturing some products of the Danish dairy firm, Arla Foods, in December 2016, under their joint venture (JV) “ArJu Food Industries”, which is 51%-owned by Juhayna and 49% by Arla.  The products will be produced in one of Juhayna's factories in 6th of October city, in which the company is currently adding production lines related to Arla’s products. The company is planning to sell these products in both Egyptian and foreign markets. (Daily News Egypt)   Juhayna: EGP3.92 as of 31 October 2016, Rating: Buy, FV: EGP7.00 per share, MCap: USD416mn, JUFO EY / JUFO.CA

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