UAE-based Delta Food Industries is investing $10.9m in an expansion of its manufacturing facilities in the Sharjah Airport Free Zone (SAIF) in order to meet the rapidly increasing demand for its products in existing markets in central-eastern Africa and new target markets in West Africa.
The company produces staple foodstuffs for both the Gulf region and Africa will be expanding its facilities over an area of 10,200m2 to increase its monthly exports from 150 TEU (twenty-foot-equivalent unit) containers to 250 TEUs within just twelve months.
With the expansion, the director expressed confidence in extending the company’s reach beyond countries such as Ethiopia and Djibouti to include West Africa countries like Nigeria, Angola and the Democratic Republic of Congo, as well as in the plans to diversify its product range of processed dairy and beverages.
The investment contract was signed by Shiraz Osman, director and co-founder of Delta Food Industries, and Saud Salim al Mazrouei, director of SAIF, who noted, “Delta Food Industries has proven in the past three years that it is one of the most successful companies in the canned food sector.”
Osman commented, “Since our establishment in 2011, we have consequently succeeded in building a network of clients in 16 countries to become one of the leading companies in importing and exporting raw materials for food industry.”
He added that the firm is funding the multi-million dollar expansion through a combination of its own profits and financing from local banks, and though he declined to reveal the value of the firm’s profits it was revealed that sales increased by 150% during the first half of 2014.
The largest shareholder in Delta Food Industries is Osman’s fellow co-founder, Ali Parpinchi, who stands alongside a third, silent partner. The firm currently just exports milk powder and tomato paste, but it has plans to add lines of evaporated milk, cream and tea packaging products, and to bolster its 170-head workforce with an additional 60 staff.