Dubai: Mani and Co — one of the Middle East's fastest growing producers of naturally nutritious fruit and nut snacks — has announced plans to invest Dh30 million in expansions to its UAE processing and packaging factory located within Dubai Investment Park (DIP).
The expansion project is set to begin this month and is expected to be completed in October 2010, doubling the company's UAE production capacity. The company recently reported UAE sales growth of more than 75 per cent during the first half of 2010,
Although the UAE is said to remain Mani and Co's biggest commercial market, the capacity expansion signals a change in business targets with nearly 65 per cent of output now reserved exclusively for GCC export, 25 per cent going to the UAE and another 10 per cent being supplied to European markets.
Currently, about half the facility's current production is for the UAE market while the other half is supplied to foreign markets.
Growth
"Low export duties, a burgeoning UAE transportation sector and inexpensive raw materials create an ideal scenario for corporate growth," comments Abouzar Rahmani, CEO and President of Mani and Co.
"We want to use the fourth quarter of this year as a time to invest in export operations and we believe that diversifying our geographic portfolio at this stage will bring significant results in 2011."
Mani and Co has a heritage of agricultural and food manufacturing experience sustained by four generations over 120 years.
