November 17, 2017
Cairo Poultry Company (POUL.CA on the Egyptian Stock Exchange – EGX), announced the establishment of six grandparent houses, with a total capacity of c.1.2 mm Parent Stock to increase total Parent Stock capacity to 4.4mm. Total estimated investment cost is EGP46.5 mn. The project is to be completed over the coming few months with operations expected to commence in 3Q 2018.
The project is aimed towards enhancing the sustainability of parent chick supply to fulfill the company’s needs of breed chicks, and to meet to local market demand and increase market share. Besides, such expansion will benefit the feed business unit from extra feed sales.