Tomato and fruit concentrate production facility
Opportunity Description: This opportunity aims to add value to local crops by producing concentrates suitable for export to food processing industries in the Gulf and Europe. The crops in focus are tomatoes and mangoes mainly, because of their local abundance and seasonality.
Initially the focus was on tomatoes, which was highlighted as a crop that is widely cultivated yet undergoes little processing locally. The opportunity is to establish a local facility that can take advantage of that supply and produce value-added products such as concentrates, purees and pastes.
Mangoes were later selected as a suitable secondary crop to offset seasonal price volatility in tomatoes during the summer months. This way the facility operates on locally sourced crops only; tomatoes during the winter and mangoes during the summer, using the same technology for both.
PRODUCT: Product A: tomato concentrate
Product B: mango concentrate
Sector: Sustainable Agriculture and Food Processing
Market: Food Processing Industries - Export
Initial Investment Required: EGP 32m
Details Available: Pre-feasibility Study