Jobs
Properties
Automarket
Databank
EasyBanking
Search
Categories
Companies
People
Sectors
Topics
Business
Events
Conferences
Local trade exhibitions
International trade exhibitions
Professional
Training
Executive training
Trade
Missions
Incoming
Outgoing
Weekly
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
SUBMIT INFO
News
Conferences
Exhibitions
Tenders
Training
Missions
Search
Categories
Financial
Markets
Business
Events
Trade
Missions
Business
Research
Calculation
Tools
Weekly
Newsletter
SUBMIT INFO
CHAMPION OF THE DAY
LEADERS NEWS
Pain d’Or factory expansion
to double production rates
$15 million investment expected
Malco Group, the mother company of Pain d’Or and Fantasia, will launch construction works to expand its factory in Choueifat.
The new 4,000-square-meter factory, built on an 8,000-square-meter plot adjacent to the present factory, has an expected completion date of early 2019.
The expansion will be dedicated to Pain d’Or products. Marwan El-Koussa, Managing Partner, said: “We will initially produce Arabic bread, before increasing production of other products, as well as creating new ones at a later stage.”
El-Koussa said that because additional Pain d’Or outlets will be opened countrywide, production rates of locally marketed items will double.
The local market will provide the bakery equipment needed to meet the increased production rate, with machines for sweet making being imported from Europe.
Investment in the project is estimated at around $15 million. “We decided to invest and expand in spite of the very high risks regarding the economic situation and major competition in the market,” El-Koussa said.
Malco Group also aims to install new fully automated machines for its Fantasia potato chips factory.
Reported by Rania Ghanem
Your browser does not support iframes.
Date Posted:
Jul 04, 2016
Your browser does not support inline frames
ABOUT
ADVERTISE
SUBMIT INFO
RSS
CONTACT US
©
2022 by InfoPro sal. All Rights Reserved