Egypt's largest dairy producer has completed its 2,400-head expansion of its herd of milking cows
Dina for Agricultural Investments SAE (Dina Farms), a portfolio company of Gozour, Citadel Capital’smulti-category agriculture and consumer foods platform, has taken receipt of the second and final herd of 1,000 high-quality pregnant heifers from the United States.
The company has now added a total of 2,400 milking cows to its herd since November 2012, bringing the total herd size to 15,000 animals, including 9,000 milking cows.
“This concludes the second and final phase of our comprehensive dairy expansion plan, in the course of which we have also built additional international-standard milking stations to accommodate the new animals,” said Dr. Mohamed Waeer, the Managing Director of Gozour’s livestock business within Dina Farms.
The expansion program was backed by an EGP 92 million syndicated loan to finance the purchase of 2,400 cows, complete civil works and procure and install machinery that will allow the company to expand its milk production to 80,000 tons per annum in 2014 from the 60,000 tons per annum that the farm produces today.
Dina Farms is Egypt’s largest dairy producer and a key supplier of fresh produce to both local and regional markets. In addition to its own highly successful, premium brand of fresh milk products (marketed by sister company International Company for Dairy Products, ICDP) the company also provides milk to leading local producers of processed dairy products.
Dina Farms branded milk products come from a PET fresh pasteurized milk plant that was inaugurated in February 2010. The milk plant completed the doubling of its capacity within its first year of operation, allowing it to add new SKUs to its existing product range. In January 2011, Dina Farms launched a single-serve pack in addition to its leading family size flagship pack.
Gozour is an integrated regional agriculture and multi-category consumer foods platform. The group includes three primary lines of business: agriculture, dairy and dry consumer foods. Gozour portfolio companies include Dina Farms, Rashidi El-Mizan and Enjoy in Egypt as well as confectioner Al-Musharraf in Sudan.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading investment company in Africa and Middle East. Citadel Capital controls investments of US$ 9.5 billion and focuses on 5 core industries: Energy, Transportation, Agrifoods, Mining, and Cement. For more information, please visit www.citadelcapital.com.
| For more information, please contact:
Ms. Ghada Hammouda
g...@qalaaholdings.com (click to reveal this email)
Tel: +20 2 2791-4482