date:May 22, 2015
Denmark-based food company Arla Foods has signed a joint venture with Egypt's dairy company Juhayna, through which Arla will sell its products across Egypt.
Although Juhayna owns 51% of the new entity formed from the joint venture, Arla will be responsible for its daily management.
The new company will be named ArJu Food Industries, and will aim at starting sales operations in October.
With the new joint venture company, Arla expects its Egypt revenue to reach more than 90m in 2020.
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