Japan’s Otsuka to build health supplements factory in Egypt

Getty Images

The factory will run on clean energy, along with applying the latest international technologies

Staff Writer, Arab Finance

August 8, 2023

PHOTO

Egypt Otsuka Pharmaceutical, a subsidiary of the Japanese Otsuka Group, will establish a health supplements and energy drinks factory in Egypt, with expected investments exceeding EGP 1.2 billion, as per a statement on August 7th.

The Industrial Development Authority (IDA) has already approved allocating a 95,000-square-meter plot of land in the 10th of Ramadan City to the company to establish the project.

The authority is ready to provide all aspects of support to help the company begin its project as soon as possible, IDA’s Chairman Mohamed Abdel Karim noted.

The factory will run on clean energy, along with applying the latest international technologies, Egypt Otsuka’s President Ahmed Zaghloul said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.