Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Farm Fresh to build new plant in Alexandria, Egypt

foodprocessing-technology 2019-05-13
Share       

Egypt’s frozen fruit and vegetable exporter Farm Fresh is set to build a factory in Alexandria using funding from the European Bank for Reconstruction and Development (EBRD) and the European unio (EU).

The plant will have high-tech production lines and feature machinery and equipment for sorting, blanching, freezing and packaging fruit and vegetables.

The financing package of €7.3m includes a €2.1m loan from the EBRD, a €0.3m grant from the EU, a €2m loan from Ahli Bank of Kuwait and €2.9m equity from its existing shareholders.

Upon completion of the facility, Farm Fresh expects to triple its production of frozen fruit and vegetables. The vast majority of the products will be exported to the EU and the US markets.

The investment is expected to support local farmer’s businesses, which provide all of the company’s fresh produce.

Founded in 1987, Farm Fresh is a family-owned company, which is engaged in the production and distribution of a wide range of products, including peas, spinach, sweet corn, green beans and strawberries.

The initiative is supported by the EU through an EBRD programme, which has been designed to strengthen value chains and competitiveness in SMEs in Egypt, as well as in Jordan, Morocco and Tunisia.

Additionally, Italy, through the Small Business Impact Fund, has provided an investment in order to support the company to implement a work-based learning programme and increase its capacity.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

FERROUS SULFATE

FERROUS SULFATE

Phospholipids krill oil

Phospholipids krill oil

DISODIUM EDTA

DISODIUM EDTA

TLA Hand Pallet Truck

TLA Hand Pallet Truck

Quinine Sulphate

Quinine Sulphate

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121