{"id":322768,"date":"2021-07-28T11:44:30","date_gmt":"2021-07-28T11:44:30","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322768"},"modified":"2021-07-29T11:49:06","modified_gmt":"2021-07-29T11:49:06","slug":"u-s-kemin-plans-to-invest-egp1-5-billion-in-egypt-in-next-three-years","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/07\/28\/u-s-kemin-plans-to-invest-egp1-5-billion-in-egypt-in-next-three-years\/","title":{"rendered":"U.S. Kemin plans to invest EGP1.5 billion in Egypt in next three years"},"content":{"rendered":"<p>Kemin Industries, U.S. ingredient manufacturer for human and animal health and nutrition, plans to invest 1.8 billion Egyptian pounds ($114.7 million) in Egypt over the next three years, a senior executive said on Wednesday.<\/p>\n<p>The money will go for building three new factories to produce human and animal vaccines as well as a 100-feddan farm to produce fertile eggs which are being used for vaccine production, said Magdy El-Sayed \u2013 CEO at MEVAC \u2013 Cairo-based animal vaccine manufacturer and Kemin\u2019s partner in Egypt.<\/p>\n<p>El-Sayed made his remarks during a meeting with Mohamed Abdel Wahab, chairman of the Egyptian General Authority for Investment and Free Zones (GAFI); and Chris Nelson, president and CEO of Kemin.<\/p>\n<p>Kemin Industries is a global ingredient manufacturer that supplies over 500 specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, crop technologies, and textile industries.<\/p>\n<p>Established in 1961, Kemin is a privately held, family-owned-and-operated company with more than operations in 90 countries, including manufacturing facilities in Belgium, Brazil, China, India, Italy, Russia, San Marino, Singapore, South Africa, and the United States.<\/p>\n<p>On March 29, Kemin Industries announced it had become a majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt, and a shareholder in MEVAC\u2019s sister company, UVAC, to further expand Kemin\u2019s portfolio in the global animal vaccine market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kemin Industries, U.S. ingredient manufacturer for human and animal health and nutrition, plans to invest 1.8 billion Egyptian pounds ($114.7 million) in Egypt over the next three years, a senior executive said on Wednesday.<\/p>\n","protected":false},"author":4,"featured_media":322769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[],"class_list":["post-322768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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