Farm Frites Opens New Plant in Egypt
Farm Frites Egypt recently inaugurated a new factory in the city of 10th of Ramadan, which was the result of a USD40m investment, reports Egypt Independent. The ceremony was attended by the Egypt’s Minister of Trade and Industry Amr Nassar.
The factory is located on an area of 9,300 sqm., providing 100 direct jobs and more than 5,000 indirect jobs.
Nassar was cited as saying that the ministry seeks to raise the standards of efficiency and safety in the food processing sector, to make Egypt an industrial and export hub for food industries for the Arab countries and the Middle East markets.
The opening ceremony was also attended by the Minister of Investment and International Cooperation Sahar Nasr and Chairman of Farm Frites International Piet de Bruijne Beit Dibrong.
With this expansion, the company will be able to strengthen its position as the largest potato production company in Egypt, with a capacity of more than 150,000 tons per year. It will also be able to double its exports and open up new export markets.
According to the Managing Director of Farm Frites, Ahmed Seddikthe new factory operates with the latest potato packaging and processing technology in Egypt and the company is currently working to increase the number of its products by 25%, as it produces nearly 18 products.
He added that the potato market in Egypt is promising and achieves high growth rates according to an integrated work system that suits the change in consumption patterns. Seddik pointed out that the company plants 18,000 acres annually to provide its needs for agricultural products.