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The Egyptian Cabinet granted Huhtamaki Egypt a Golden License for a new 21,700 sqm molded fiber packaging factory in Sadat City, Monufia Governorate, valued at about EGP 1.5 billion including EUR 24 million foreign investment. Production will include paper fruit trays, cup carriers and egg cartons.
“This significant investment, valued at approximately EGP 1.5 billion (including €24 million in foreign investment)”foodtechbiz.com
Summarized from public sources; check the original articles before acting on it.