In association with the International Unilever Company, the Egyptian Rashid Investment Group recently established two new companies costing 375 million Egyptian pounds ($94 million), reports Al-Sharq Al-Awsat daily. This includes a food manufacturing plant and a personal products manufacturing company.
Initially, the two factories are projected to produce an annual amount of 80,000 tons of food products and personal products.
Unilever has been operating in the Egyptian market for many years, and plans to boost its sales even further in the future. Investments of Unilever in Egypt stand at EP 1.2 billion. –(MENA Report)
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