Cairo – Mubasher: Katilo For Dairy Products is planning to establish a cheese manufacturing facility with an initial investment worth about $120 million within the coming four months, chairman Abdel Moniem Katilo told Alborsa News.

The facility will be spanned 5,000 metres land plot in New Damietta with a production capacity of up to 12,000 tonnes per year, which will be mostly dedicated for export, the dairy products producer said.

The Egypt-based firm is seeking to boost its exports by the end of 2018, the chairman added, noting that exports make up 30% of the company's production now.