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Henkel Plans To Invest €50 Million To Expand Operations In Egypt

May 30, 2016: 12:00 AM EST
Henkel said it plans to invest €50 million in Egypt in the next five years as part of its expansion strategy in the local market. Also, the company is building a €40-million manufacturing plant for detergents and household care products, according to Henkel Egypt CEO Ahmed Fahmy. Henkel's factory in Port Said will also undergo a €10-million expansion.
Shaimaa Al-Aees and Nihal Mounir, "Henkel to invest €50m in Egyptian market in next 5 years", Daily News Egypt, May 30, 2016, © Daily News Egypt
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