Savola eyes expansions in Egypt

Savola Foods Co., a wholly-owned subsidiary of Savola Group, is planning expansions in Egypt over the coming period, driven by higher demand for its products, Bader Al Aujan, the company’s chief executive officer, told Egypt’s Shorouk daily on Sunday.

The expansion plans are backed by the country’s solid economic reforms, the facilities granted to companies under the new investment law along with the government support for the private sector.

“Expansions include increasing output, upgrading production lines and enhancing the manufacturing process to boost the company’s growth,” Al Aujan said.

Savola Food’s operations include edible oils and sugar through Afia International and United Sugar Co., respectively, as well as pasta through Al-Malika and Al-Farasha firms, Argaam reported.