Egyptian olive manufacturer and exporter Eastern Food Processing Company (Agro Green) plans attaining exports of US$3 million by the end of 2016, the Chairman stated Monday.
Speaking to Amwal Al Ghad, Abdel Hamid El Attar said that company’s exports declined to US$2 million at the end of 2015 from US$6 million before 25th of January revolution.
The company is specialised in exporting olive to Europe, U.S., Canada, Brazil, Saudi
Arabia, Kuwait, Lebanon, and Kenya, and plans to enter new markets notably Sudan and Iraq.
Agro Green is currently investing US$500,000 in establishing new production and storage lines, the official added, clarifying that the new lines would be finished in October 2016.
The firm started working in Egypt since 1997 with investments worth around 25 million Egyptian pounds.
The current capacity of Agro Green is estimated at around 6,000 tonnes of olives that have been produced with Spanish experience technology, the chairman pointed out.
