Edita signs toll manufacturing agreement withMIFAD
Updated : 07:01
Giza, 7 November 2024
Edita Food Industries S.A.E. ("the Company") announced the signing of a toll manufacturing agreement in the biscuit sector with Misr Food Additives "MIFAD" ("the Manufacturer") This partnership enables the company to expand its production capacity and expand into new segments within the biscuit sector and enhance its offerings under its flagship brand, "Oniro".
Through the partnership, Edita will leverage MIFAD's available biscuit production capacity, allowing the company to meet rising local demand in Egypt's rapidly growing biscuit market. This move also positions Edita to significantly expand its market share in this segment.
-Ends
Contacts
Ms. Menna Shams El Din
Chief Investor Relations Officer & Corporate Affairs
T: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.