Cairo – Mubasher: Arabian Food Industries Co (Domty) signed an agreement with Tetra Pak to purchase a packing line for dairy products at an investment cost of $500,000.

The company is looking to start producing and selling milk by the middle of the first quarter (Q1) of 2021, according to a bourse disclosure on Sunday.

The ultra-high-temperature processed (UHT) milk will be packaged in carton packs from Tetra Pak.

During the first nine months of 2020, Domty achieved net profits of EGP 105.09 million, down by 10.2% from EGP 117.04 million in the year-ago period.