Edita’s (EFID) head of investor relations revealed the company is adamant about increasing its production capacity in 2022, & could inject as much as EGP 400 million in investments.
More Details🧐 Edita had acquired a bakery production line back in June of last year for EGP 135 million. The production line is expected to start operating within two months, & will allow Edita to meet the growing demand for its Molto products.
Why is this Important🤔 Edita had recently suspended its acquisition of the Egyptian Belgian Company earlier this month, before calling the whole deal off due to failed negotiations.
Edita is now exploring expansion strategies, whether through building a new factory or regional expansion through acquisitions.
