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3 Aug 2016 18:00
Edita Food Industries Acquires New Land to Produce a Premix Formula
Cairo, 3 August 2016
Edita Food Industries signed a contract to purchase a new plot of land to implement a new project that aims to enhance the efficiency and quality of the production process. The company signed the contract to acquire around 12,878 square meters of land in Sixth of October City's Polaris Al-Zamil Industrial Park valued at approx. EGP 19.0 million (including utilities), to be paid on three installments over the 6 months period commencing on 3rd August 2016. The project aims to protect the recipe and knowhow confidentiality of the company's products where a premix formula will be produced and supplied to all of Edita's factories. Additionally, the project will enhance efficiency and quality through standardization of input blends.
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Contacts
Ms. Menna Shams El Din
Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg
Ms. Yasmine Ghobrial
Senior Investor Relations SpecialistT: +202 3851 6464 | M: +20 1227563935 | Yasmine.ghobrial@edita.com.eg
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