Sakr Group has inaugurated its new factory for the production of juices and as a result aims to double its exports of milk products and juices to reach $20m in 2016, compared to $10m last year, chairperson Ahmed Sakr said.
The inauguration of the company’s new factory, which has an annual production capacity of 1bn packages, will support the company’s exports, he added. The company exports about 15% of its production and Mauritania is considered the company’s most important export market as it acquires 60-70% of the company’s total exports.
Sakr said that the company used to export 50% of its production before 2011, but the Arab Spring negatively affected the export of agricultural crops. For example, Iraq used to import 120,000 tonnes of Egyptian cheese, but this has completely stalled because of the Iraqi government’s rejection of Egyptian products.
He added that 85% of the company’s production is directed towards the local market, pointing out that the holy month of Ramadan and Eid El-Fitr increased domestic sales in June and July.
