Egyptian currency - Reuters
CAIRO - 6 February 2022: Beyti Food Industries Company invested LE 204 million in the Egyptian market during 2021, CEO of the company Mark Wiley stated.
The CEO of Beyti Food Industries, revealed that the investments included new production and packaging lines.
Wiley said in a statement, Sunday, that Beyti aims to invest LE 250 million in the Egyptian market during 2022, in establishing new production lines.
He explained that the company plans during the current year to develop the manufacturing system, in addition to strengthening the quality control systems in the production process stages.
Wiley stressed the company's interest in developing the food industry in the Egyptian market, as it is a large market and one of the most important markets in the Middle East.
For his part, Mohamed Seif, head of the procurement sector at Beyti Company, said that the company achieved growth rates of 31 percent during 2021, and aims to increase this rate during 2022, noting that the company owns 24 lines for the production of juices, milk and yogurt, and aims to open new production lines in 2022. .
Beyti Company (formerly the International Company for Agricultural Industrial Projects) was established in 1998 by acquiring a commercial dairy farm in Egypt from the Saudi group "Dallah Al-Baraka".
In late 2009, Beyti was acquired by the International Dairy and Juice Company, which was established under the partnership between PepsiCo International and Almarai Company.