Chargé d’Affaires at the U.S. Embassy in Cairo Thomas Goldberger welcomed on the 27th February American company Mars’ expansion in Egypt.
He congratulated the company on the significant expansion of its production facility in 6 of October City, which will boost its capacity for export and the domestic market, according to a press release by the U.S. embassy in Egypt.
Goldberger said that Mars’ experience in Egypt is an outstanding example of a U.S.-Egyptian partnership that benefits both our countries.
“America’s and Egypt’s commercial and economic ties are an integral part of our strategic partnership; they complement and support our strong security and political cooperation as we work together to eradicate terrorism and to make the world a better, more peaceful and prosperous place,” he said.
He added that American companies want to be part of the growing momentum in the Egyptian economy, a momentum clearly evidenced by Mars’ choice of Egypt as a location to expand its production for the Egyptian market and for export.
Goldberger joined Trade Minister Tarek Kabil and President of the Mars Wrigley Confectionery Company Martin Radvan on Tuesday to celebrate the expansion of Mars’ production facility in 6th of October City.
They were joined by senior executives of Mars Wrigley, which is based in Chicago, Illinois, as well as the President of the American Chamber of Commerce in Egypt Tarek Tawfik.
During a ceremony, Kabil inaugurated the first phase of the expansion of Mars Wirgley Egypt’s factory in the 6th of October factory, with two new production lines worth LE 750 million.
The minister said that Mars expansion plans are positive results of Egypt’s economic reform program, highlighting the government’s success in creating an attractive environment for international corporations to inject investments in the local market.
Mars Egypt exports to more than 20 countries, reaching Australia, Africa, MENA and Europe.
Mars is one of the world’s leading companies in chocolate production that works in 80 countries; it started its investments in Egypt in 2001.