Business OpportunitiesDabur plans second manufacturing unit in Egypt
FMCG major Dabur, which is currently hunting for acquisitions in the African continent, is setting up its second manufacturing facility in Egypt as part of its expansion plan in the region.
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The company is also aiming to increase contribution from international markets to 25 per cent in its overall business in the next two to three years from 20 per cent now.
"We are in the process of setting up a new manufacturing facility in Egypt to cater to the growing demand in Africa and the neighbouring markets," Dabur India Chief Executive Officer Sunil Duggal told PTI.
Dabur already has two units in the continent, one in Nigeria and another in Egypt. The proposed unit, which is likely to be completed by this fiscal, would make personal care products.
The company said the proposed plant will help its foray into East, West and South Africa, where it is in the process of setting up a distribution network.
"Dabur already has a sizeable presence in the Middle East and North Africa. We are now looking at expanding our presence to other parts of Africa, starting with East Africa in the first phase, to be followed by West and South Africa," he said.
Duggal said Dabur is currently scouting for acquisitions in Africa and is ready to spend up to Rs 1,000 crore for it.