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Edita acquires new production line

Edita acquires new production line

ArabFinance: Edita Food Industries announced the acquisition of a new bakery production line, according to the company's statement released on June 21st. 

The new production line, which will be housed at Edita’s E07 facility, comes at an investment cost of c.EGP 135 million and is expected to be operational by February 2022.

The new line is set to expand Edita’s bakery annual production capacity by 11 thousand tons, allowing the company to meet the growing demand for its Molto products while further cementing its leadership position in this attractive market.

Edita posted a consolidated net profit before minority interest of EGP 103.477 million in quarter one of 2021.

Edita will inaugurate a factory by the end of 2021 in Morocco, Edita’s Chairman Hany Barzi said.

Edita operates in the packaged snack food market. It manufactures, markets, and distributes a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products.

 

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