By John Lee. Egypt's Edita Food Industries has reportedly reduced production at its Iraq facility and delayed product launches due to the impact of the ongoing regional conflict. Vice President and CFO Sameh Naguib told Zawya that the company has cut output to around 30-35 percent of capacity, compared with an initial target of 70-80 percent […]
By John Lee. Egypt's Edita Food Industries will direct part of its planned EGP 4-billion ($84 million) investment budget for next year toward expanding production in Iraq. Chairman and Managing Director Hani Berzi told Asharq Business that Edita's programme in Iraq includes installing a new production line at a factory the company bought recently, with operations scheduled […]
By John Lee. Egypt's Edita Food Industries has established of a UAE-based holding company, Edita Investments Holding LTD, which has invested IQD 960.7 million [USD 730,000] in Ahramat Al-Nile for General Trading and Food Industries Limited -- formerly Tuma Jebur Abbas (TJA) -- in Iraq, via a capital increase. Operations in Iraq are expected to begin […]
By John Lee. Edita Food Industries, an Egyptian snack food producer, has announced its entry into the Iraqi market through a strategic partnership with Baghdad-based Tuama Jebur Abbas (TJA). The move marks a significant milestone in Edita's regional expansion strategy as the company acquires a 49-percent stake in TJA, a family-run snack manufacturer, for $8 […]
