REG - Edita Food Ind SAE - Ministry Visit

Edita Food Industries SAEAnnouncement

11/04/2022 07:01

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RNS Number : 8735H  Edita Food Industries S.A.E.  10 April 2022

Egypt's Prime Minister H.E. Mostafa Madbouly and Minister of Trade and
Industry H.E. Nevine Gamea Visit Edita Food Industries' E07 Facility

Prime Minister H.E. Mostafa Madbouly, Minister of Trade and Industry H.E.
Nevine Gamea, General Ahmed Rashed, Governor of Giza, and Mr. Mohamed Abd
El-Wahab, Executive Director of the General Authority for Investment and Free
Zones (GAFI) visit Edita's state-of-the-art E07 facility in 6(th) of October
City

Cairo, 10 April 2022

Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange and EFID.L on
the London Stock Exchange), a leader in the Egyptian packaged snack food
market, welcomed today Egypt's Prime Minister Mostafa Madbouly and Minister of
Trade and Industry Nevine Gamea, General Ahmed Rashed, Governor of Giza, and
Mr. Mohamed Abd El-Wahab, Executive Director of the General Authority for
Investment and Free Zones (GAFI)at its E07 facility in 6th of October. During
their visit, the Prime Minister and Minister toured the state-of-the-art
facility and saw the production process for some of Edita's most renowned
brands.

Located in Polaris Industrial Prark, 6(th) of October City, Edita’s E07
facility is one of the company’s five local state-of-the-art production
facilities, as well as its first overseas production facility in Morocco,
which commenced operations in December 2021. Located in Polaris Industrial
Prark, 6(th) of October City, Edita’s E07 facility is one of the company’s
five local state-of-the-art production facilities, as well as its first
overseas production facility in Morocco, which commenced operations in
December 2021. The facility encompasses two production halls that house ten
of Edita’s 32 production lines producing a wide range croissants, cakes,
wafers and rusks. All of Edita’s six local and regional state-of-the-art
facilities production facilities operate in full compliance with the highest
standards in food safety and manufacturing quality. The facilities have a
combined annual production capacity of 181,535 tons and a labour force of over
7,000 employees.

The company plans to invest c.EGP 1 billion over the coming three years to
further expand its operations and hence generate employment opportunities in.

-Ends-

About Edita Food Industries S.A.E.

Edita, founded in 1996 and headquartered in Egypt, is a leader in the growing
Egyptian packaged snack food market. The Company manufactures, markets and
distributes a range of branded baked snack products including packaged cakes,
bakery, rusks (baked wheat), wafers and biscuits as well as selected
confectionary/candy products. The Company's local brand portfolio includes
household names such as Todo, Molto, Bake Rolz, Bake Stix, Freska, Oniro and
MiMix. The Company also has the exclusive ownership of the international
Hostess brands Twinkies, Hoho's and Tiger Tail in Egypt, Libya, Jordan,
Palestine, Morocco, Algeria, Tunisia, Syria, Lebanon, Iraq, Bahrain, Oman, the
UAE, Kuwait, Qatar and Saudi Arabia; and is party to a technical assistance
and know-how agreement to manufacture 11 additional Hostess brands across its
territories. The Company holds strong number-one market positions in its core
cake and bakery segments as well as in rusks, a leading market position in
candy and a growing market position in the wafers segment. In FY2021, the
Company derived 94.1% of its revenue from Egypt and 5.9% from regional export
markets. Learn more at ir.edita.com.eg.

Contacts

Ms. Menna Shams El Din

Head of Investor Relations

T: +202 3851-6464 | M: +2010 0 154 2428 | menna.shamseldin@edita.com.eg
(mailto:menna.shamseldin@edita.com.eg)

 

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