Egypt Dairy to be re-operated: Hanafy

Minister of Supply and Internal Trade Khaled Hanafy announced Monday that a committee will be formed to conduct an integrated financial, economic and technical study for revitalising Egypt Dairy.

“The idea of re-operating the Egypt Dairy company is possible however investments and modern equipment are needed to do that,” said Hassan Kamel, the company’s former president.

Hanafy’s decision was taken during a meeting held with the board of directors and presidents of 43 subsidiaries owned by the food industries holding company. Egypt Dairy is one of those subsidiaries.

He also added that a plan for developing and modernizing the company’s factory will be implemented. This will be accomplished either through pumping investments or forming partnerships with investors, Hanafy said.