Cairo – Mubasher: The Egyptian Cabinet's Media Center has denied news reports about the liquidation of Edfina Company for Preserved Food, an affiliate to the Holding Company for Food Industries.
The cabinet said that Edfina is continuing to operate normally as confirmed by the Ministry of Supply and Internal Trade, according to a statement on Tuesday.
The Ministry of Supply and Internal Trade has set a strategic plan to upgrade and merge the two state-run companies Edfina and Qaha at an investment cost of EGP 1.6 billion by using the available assets to increase its economic return.
The government also aims to increase the local market share of the two companies and boost their export capabilities to reach more than 1,000 tonnes per year at a value of EGP 100 million.
