Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, has met with the Chairperson of the state-owned Sugar and Integrated Industries Company (SIIC) to review the company’s performance and its development plans for the coming period.
The meeting with SIIC Chairperson Salah Fathy was part of the ministry’s efforts to monitor the performance of its affiliated companies and develop the strategic food industries system, the ministry said in a statement on Monday.
During the meeting, the minister reviewed plans to develop and modernise the production lines at SIIC’s factories, which produce sugar from both sugarcane and sugar beet. The goal is to improve operational efficiency, enhance the quality of the final product, increase production capacity to meet the local market’s needs for both subsidised and free-market sugar, and reduce waste.
“The development of food industry companies, led by the sugar company, is a top priority to support the local market’s needs for basic commodities and achieve a balance between local production and imports, which contributes to enhancing the state’s food security,” Farouk said.
The meeting also addressed the company’s measures to comply with environmental standards and adhere to the highest sustainability criteria in its production processes.
The meeting was also attended by the deputy minister of supply, the CEO of the Holding Company for Food Industries, and the ministry’s spokesperson.
