Processed Food News
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New bid to acquire Arab Dairy offered, EFSA announces
Al-Nour made its offer to acquire 100% of Arab Dairy shares, with a minimum of 51% of its stakes, with the value of EGP 58 per share.
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Denmark's Arla Foods drops bid for Egypt's Arab Dairy
Maker of Lurpak and Puck had offered LE65 per share for Egypt cheese-maker acquisition for which Cairo-based Pioneers Holding got regulatory green light.
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Egypt’s Pioneers Holdings likely to acquire Arab Dairy Firm
This is a sign that businesses are beginning to steam ahead with their growth and expansion plans despite continuing political upheavals.
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Majority owner of Egypt's Juhayna sells 1.2 pct of firm
Top shareholder in Egypt's largest dairy and juice company sells 1.2% stake in deal worth $14 mn to investment firm Pharon.
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Egypt's Juhayna second-quarter profit falls
A 6-percent rise in sales was outpaced by a nearly 12-percent surge in the costs of goods sold, the company said on Wednesday.
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Saudi's Almarai, Pepsico to invest at least $345 mln in Egypt
The announcement was a fresh sign that foreign investment in the country may revive as a measure of stability returns.
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Egypt's Juhayna to issue bonus shares
Egypt's Juhayna Food Industries said on Wednesday it would distribute bonus shares on July 7.
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Egypt self-sufficient in production of eggs
The ministry is working on a plan to increase local production of veterinary vaccines so as to stop imports.
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Faragallah's letter to the President
After labor protests at the Faragallah factories, the company closed down – and here is what Chairman Mohamed Farag Amer had to tell the President.
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Juhayna increases efficiency with IBM Integrated Solutions
Juhayna Food Industries has turned towards using IBM Integrated Solutions, to improve its flexibility and efficiency.
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Freshi signs master franchising agreement in Egypt, UAE, Qatar, Bahrain
Freshi is the world’s fastest growing Ice Sticks chain, and will open in Egypt, United Arab Emirates, Qatar and Bahrain.
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Nestle Egypt holds press conference at the company's headquarter
Celebrating its 100th anniversary in Egypt, Nestle explained its new expansion strategy and prospective investment opportunities.
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80% of consumed milk in Egypt does not abide by quality control
An agreement has been signed to build the first factory worldwide that produces 1000 tons of healthy milk and juices a day.
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Nestle Egypt signs partnership with the Ministry of Education
Nestlé will implement the second phase of the "Nestlé Healthy Kids" Programme in Egypt during the 2011/12 academic year.
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Kraft Foods net revenues rise 11.5% to $13.2bn
Kraft Foods Inc., with four production plants in Egypt, has reported third quarter results driven by strong organic revenue growth.
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AJWA 9 months standalone loss hits LE 30.7 million
AJWA reported standalone financial results posting a net loss of LE 30,721,298 for the period from 01/01/2011 till 30/09/2011.
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Kraft Foods Egypt joins 30,000 employees from 60 countries in volunteering to fight hunger
Kraft Foods employees around the world have signed up in record numbers to volunteer this week as part of Delicious Difference Week.
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Gulf Food Exhibition
The Gulf Exhibition objective was to attract new distributors for our products in the MENA region and Africa.