Pasta maker Regina has reportedly stopped expansion plans, which include three new production lines worth EGP1.5bn due to current FX volatility and fuel price increases, following EGP floatation. As the cost of production inputs, such as plastic packaging and flour, have increased 80-100%, the company raised its product prices 50% in the market. Also, production is down c25% compared to the past four months. On a similar note, Bisco Misr has shut down several production lines, including corn flakes, since the EGP floatation. According to sources, the company has reduced headcount and cut production to reduce losses, in addition to increasing prices of certain products by 100% and cut the weight of others by 28%. (Al Borsa)