Mani & Co. to begin AED 30M expansion of food production facility in Dubai Investment Park

New equipment will supply the company’s growing GCC operations by doubling UAE production capacity to 6000 MT in coming months

Having recently reported UAE sales growth of more than 75% during the first half of 2010, Mani & Co.—one of the Middle East’s fastest growing producers of naturally nutritious fruit and nut snacks—has announced plans to invest AED 30M in expansions to its UAE processing and packaging factory located within Dubai Investment Park (DIP). The expansion project is set to begin this month and is expected to be completed in October 2010, doubling the company’s UAE production capacity up to 6000 MT per annum.

Although the UAE is said to remain Mani & Co.’s biggest commercial market, the capacity expansion signals a change in business targets with nearly 65% of output now reserved exclusively for GCC export, 25% going to the UAE and another 10% being supplied to European markets. Currently, about half of the facility’s current production is for the UAE market while the other half is supplied to foreign markets.

“Low export duties, a burgeoning UAE transportation sector and inexpensive raw materials create an ideal scenario for corporate growth,” comments Abouzar Rahmani, CEO and President of Mani & Co. “We want to use the fourth quarter of this year as a time to invest in export operations and we believe that diversifying our geographic portfolio at this stage will bring significant results in 2011.”

Mani & Co. has a heritage of agricultural and food manufacturing experience sustained by four generations over 120 years. The company’s Dubai office was first opened in December 2004 with production operations commencing in 2009 as the company opened up its first factory in the UAE.