Greeno Food Industries plans to set up a new factory to manufacture and process fresh and frozen vegetables next year, with investments of €5.5m.
Mohsen Abu Dahab, chairperson of Greeno Food Industries, said the new factory’s production capacity will raise the company’s total production to seven tonnes per hour and boost its exports.
Abu Dahab pointed out that Greeno is waiting for approval to construct the factory from the Beheira governorate close to farmlands in order to curb costs and maintain quality.
The company signed contracts for the new production lines, adding that implementation will only take six months, following the approval, he explained.
Greeno is currently establishing its latest production lines to manufacture frozen vegetables with investments worth €3m to boost production, indicated Abu Dahab.
The company manufactures and processes artichokes, strawberries, and fava beans, with plans to manufacture new vegetable varieties next year, including okra, green beans, and jute mallow, as production from the third line begins next year, elaborated Greeno’s chairperson.
Abu Dahab added that the company relies on modern production lines instead of manual packaging, in order to apply international quality standards, as mechanisation will raise the global competitiveness of their products, and stimulate competition with Italy and Spain.
Greeno exports 60% of production to Europe, the US, Canada, Australia, and Arab countries, and offers their products through 2,000 feddan.
The company aims to double its exports by next year, and increase employment opportunities to 400 as the new production line begins, revealed Abu Dahab. The company currently has 450 jobs and 1,000 indirect jobs.
Abu Dahab added that Greeno exported 14,000 tonnes of fresh and frozen vegetables this year, and aims to increase that figure by 30% next year.