Elrashidy El Asly Company is preparing to open a factory to increase production capacity before the end of the year. The company aims to expand its production of sweets and snacks to support the increase of exports during the coming period. He pointed out that, despite the hike in raw material costs, the company still offers many products, such as halawa bars at EGP 1. Kandil pointed out that the flotation of the Egyptian pound had a positive effect on Egyptian products. This is due to the high population of Egypt and the increase in the demand for foodstuffs of all types.

Source: Daily News Egypt October 03, 2017 10:07 UTC