5 Aug 2019 07:00
Cairo, 4 August 2019
Domty signed an agreement last week to acquire & install a new bakery line with AMF, a US company considered to be one of the world leading manufacturers of high speed bakery equipment.
The production capacity of the new line is 270 thousand pieces per day.
The total cost of the new line with all of its components is EGP 50 million, this line will be financed as follows:
1- Via a medium term bank loan in USD.
2- Self financing for the part to be paid in EGP.
The new line is expected to start operating in February 2020; it will be the third production line for the Domty Sandwich and also it could be used to produce plain bread.
This is a new step in Domty's expansion plan in the field of baked goods and snacks, which is characterized by a higher gross profit margin compared to the rest of the company's products.
*****
About Arabian Food Industries Company Domty S.A.E.
Domty, founded in 1988and headquartered in Egypt, is a leader in the growing Egyptian cheese and juice market. The Company manufactures, markets and distributes a range of branded white and processed cheeses and juice products, with a family of nearly 200 SKUs under a brand portfolio including Domty, Damo, Gebnety and Bravo. Domty is a household name and the number-one cheese producer in the nation by market share. The Company sells to tens of thousands of retail and business customers as well as to more than 46 export destinations. Learn more about Domty by visiting Domty.org.
Contact
Ahmed Mohy EldinInvestor Relations and Corporate Affairs DirectorT: +202- 010 - 0555 2235| ahmed.mohy@domty.org