FILE- Minister of Industry Tarek Kabil
CAIRO – 28 January 2018: Mars Egypt is about to inaugurate two new production lines worth LE 750 million by the end of February 2018, Minister of Industry and Foreign Trade Tarek Kabil said on Sunday.
Kabil added in a press release that these two lines will offer 1600 job opportunities, referring that the company’s expansion will help in increasing its exports to $100 million yearly.
Mars investment’s volume will reach LE 2 billion with 10,000 job opportunities, according to the press release.
Kabil noted that the company sales in Egypt reached LE 1 billion year-on-year and the exports recorded $42 million.
The release pointed out that Mars Egypt allocated 65 percent of its production to export.
Mars global regional manager for MENA Danakan McCulloch said that Mars Egypt exports to more than 20 countries, reaching Australia, Africa, MENA and Europe.
Mars Egypt is one of the world's leading companies in the field of chocolate production that works in 80 countries; it started its investments in Egypt in 2001.