Nestlé has inaugurated its first confectionery plant in Egypt.
The new extrusion line at the company’s existing dry goods factory will produce Crunch.
“Since 2011, we have invested close to 1 billion EGP in Egypt and doubled our local workforce to 6,300 employees,” says Nandu Nandkishore, executive VP Nestlé SA and zone director for Asia, Oceania, Africa and the Middle East.
The company plans to further utilize its latest plant addition to bring more confectionery brands to the local market in the future.
It says Egypt’s snack food industry is currently estimated at US$1.6 billion.