CPC to establish six grandparent farms at investment cost of cEGP46.5mn
Cairo Poultry Co. (CPC) (POUL.CA) is looking to establish six grandparent farms (with a total flock of c1.2mn parent stock), which are expected to raise total parent capacity to 4.4mn. The total investment cost of the project is estimated at EGP46.5mn, with the project expected to be completed over the coming few months and operations to start in 3Q18. The new farms aim to increase the company’s supply to meet local market demand and will also benefit the feed business unit from additional feed sales to third parties.
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