Tetra Pak, the company specialised in food processing and packaging solutions, stated that its sales increased to 3.2bn packs during 2016, compared to 3.12bn packs in 2015, according to the managing director of Tetra Pak Egypt, Konstantin Kolesnik. He believes that the Egyptian economy has been facing a lot of challenges during the past period. “Generally speaking, the Egyptian market is considered a very promising market with lots of potential and very specific advantages, such as the large population and various diversified market segments,” he stated. However, he added that the Egyptian market is a very promising market with lots of potential and very specific advantages, such as the large population and various diversified market segments. Regarding the pound flotation and its effects, he said that the foreign exchange rate is a challenge facing all companies operating in Egypt, and it has affected prices of everything.

Source: Daily News Egypt March 01, 2017 19:41 UTC