Sign In or Register | Wednesday, November 22, 2017
AfricaTeam,   11/25/2016 6:42:18 PM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Construction of Al Nouran's Mega Plant to Reshape Middle East's Sugar Landscape

CAIRO, Egypt, November 21, 2016 /PRNewswire/ --

Egypt has long consumed more sugar than it produces, plugging the gap through imports. With nationwide shortages of the country's main staple, white sugar has become somewhat of a must-have luxury item.

 

 

 


But life in Egypt's sugar industry is soon destined to become much sweeter. Enter Egypt's Al Sharkiya Sugar Manufacturing S.A.E. - "Al Nouran"-and the sector's dynamics are about to change.

True to its characteristic low-key and strategic forward-looking approach, Al Nouran is addressing the country's deficit by building the largest sugar plant in the MENA region, with the objective of filling the country's sugar gap, in various stages.

Al Nouran's USD 360 million sugar plant will begin operating its first of four production lines of 14,000-ton beet per day, by Spring 2017.

Sprawled over an area of 1.8 million square meters in Al Sharkiya governorate, the plant is master-planned to include four production lines, closing the current one million sugar deficit in Egypt, and venturing into exports.

"Al Nouran's plant will reduce Egypt's reliance of imported sugar by up to 25% from the first production line," says M. Ashraf Mahmoud, Chairman and CEO, "and 100% with the completion of our fourth line. This is unprecedented both in Egypt and the region."

The company also plans to expand with sugar integrated industries such as bioethanol from molasses - a byproduct of sugar production which is currently an export product in Egypt - as well as other high value products such as yeast and vinegar.

Al Nouran is staged to be a regional leader in sugar production and trade. True to its low-key and forward-looking approach, the company is redefining investment and stability in a global climate that is in dire need of sweet optimism.

Cairo, Egypt: Randa Edward, REdward@Alnouran.com , +2(0)102-66-66-432

http://www.alnouran.com/en/

SOURCE Al Nouran

CONTACT: Geneva, Switzerland: Rasha Hammad, rasha@hammad.com , +41-78-6401566
 

Tags:Construction of Al Nouran's Mega Plant to Reshape Middle East's Sugar Landscape
Bookmark and Share Email Email to Friends Print Print
0
Comments(0)
Please Sign In  or Register  to post a comment.
UserName:
Password:

 
Most Popular



Push
Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
Links
Tags
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    DRC Congo    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2016-2017 Africa Updates Inc. All rights reserved