Dubai:
Delta Food Industries, a Sharjah-based company, is investing Dh40 million to meet increasing demand and target new markets in Africa.
The company, located in the Sharjah Airport Free Zone (Saif Zone), is expanding its factories over an area of 110,000 square feet.
It manufactures and exports tomato paste and milk powder to countries in the Gulf Cooperation Council (GCC) and eastern and central Africa.
Shiraz Osman, director and co-founder of Delta Food Industries, told Gulf News the company will be exporting 250 TEUs (twenty-foot-equivalent units) – a shipping container measurement — a month within eight months. It currently exports 150 TEUS each month.
The company’s largest shareholder is co-founder, Ali Parpinchi. There is also a third, silent partner.
With the expansion, Osman is confident of extending the company’s reach into West Africa, primarily Nigeria, Angola and the Democratic Republic of Congo.
The company is also diversifying its product range to include evaporated and condensed milk as well as cream and tea packaging.
Osman said the company funded the Dh40 million through a mixture of profits and financing from local banks. Osman declined to state company profit figures. However, he said sales have increased two and a half times in the first half of the year.
