Edita suspends expansion plan

The company will inaugurate Morocco plant by the end of the current year, Barzi added

  
Man drawing diagram on glass wall in office. Image used for illustrative purpose.

Man drawing diagram on glass wall in office. Image used for illustrative purpose.

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ArabFinance: Chairman of Edita Food Industries (EFID) and the Food Export Council Hany Barzi said the company will not expand in other areas in the coming period, according to Shorouk News website.

The Coronavirus pandemic caused partially the suspension of EGP 750-million expansion plan, Barzi reported. The company will inaugurate Morocco plant by the end of the current year, Barzi added.

Edita was working to add more new production lines, in addition to developing some of the old lines. The decline in sales and exports prompted Edita to postpone those plans until the end of the Coronavirus and the global economy and markets recovered.

In May, Edita Food Industries launched its new brand, Oniro, marking the company's entrance into Egypt biscuits market that has an estimated size of EGP 4.6 billion.

Edita is an Egypt-based company that 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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