Mano Oils aims to increase its exports by 40% next year by adding four new products to its production line.
Managing Director of Mano Oils, Mohamed Abdel Tawab, said that the company aims to invest in the agricultural sector through the purchase of 230 feddan in West Minya.
The company’s production capacity of olives, and its various products is estimated at about 2,000 tonnes, which are all exported.
Abdel Tawab pointed out that the 40% target was supported by the high demand of the company’s products this year, with plans to boost production capacity next year by over 50% to meet export requirements.
Furthermore, the company has developed four new products: canned fava beans, beans, lupine, and chickpeas, revealed the managing director.
He also noted that the company is preparing samples to showcase during the current Sial exhibition, along with 20 other products.
Currently, the company is setting up a new production line with investments of EGP 6m, which will be exported, as the company exports its entire production, explained Abdel Tawab. The European market accounts for 60% of the company’s exports, while the remaining quantities are exported to the US, Brazil, Canada, Spain, France, Greece, Africa, Saudi Arabia, the UAE, Australia, Jordan, and Malaysia.
The US market is one of the most important markets for the company’s expansion plans during the coming year, he indicated, adding that this market enjoys promising export opportunities for Egyptian olive oil products, due to high demand and consumption. The company also plans to expand in the Emirati market, Abdel Tawab mentioned.
In addition, Mano Oils aims to channel a share of its production to the domestic market by next year, which will be presented in January.