Sima Foods Industries aims to increase exports by 35%, up from a growth rate of 25% in 2016, in a bid to offset the rise in production costs. Chairman of the company Ahmed Fendi said that the company aims to boost its production capacity through developing some production lines and acquiring new ones to come online by the end of 2017 or early 2018. He noted that Sima aims to expand into new markets, including India, Pakistan, Russia, and some eastern European countries, saying that the high population of these countries makes their markets attractive. India is the second largest country in the world in terms of population, coming in second after China. Sima Foods Industries was founded in 1961.

Source: Daily News Egypt March 02, 2017 06:47 UTC