Almansi Investment Co. was looking to upgrade its production capacity through investing in a new energy efficient fruit grading line, replacing an old inefficient one. In comparison to the current operational practices adopted by the company in its grading and sorting facility, the new line is expected to result in reducing energy consumption, increasing the annual productivity, as well as, increasing profitability and export potential.
Almansi Investment Company is a leading Egyptian SME that specializes in the cultivation and post-harvest activities of fruits. The company sells its products mainly to clients in export markets, especially Europe, China, Malaysia, and Bangladesh. The company currently employs 55 full-time workers, with more than 50% of this work force being women below 30 years old.
In 2008, the company established a packing house for sorting and packaging of agricultural crops in Gharbia Governorate, for which Almansi aims to improve the quality of products and increase production efficiency to accelerate its sales growth plan, though investing in high performance technologies.
The investment in the new energy efficient fruits grading line helped the company increase its competitiveness through improving fruit grading quality and increasing productivity while decreasing operational costs, resulting from high energy consumption, thus, increasing the company’s profitability as well. Almansi will be able to increase its production quality and capacity, while reducing energy consumption.
The GVC facility is providing financing for Almansi’s investment in the new high-performance technology which will enable the company to achieve its goals of operational efficiency and improved product output. The GVC team provided technical assistance in the selection of an appropriate technology that can support improvements in product quality and operational performance and boost sales growth and the company’s competitiveness. The investment incentive provided under the facility has encouraged the company to invest in best-in-class technology that will help enhance the company’s profitability.
The investment of US$ US$ 632,574 is expected to increase the company’s annual profits by 100% resulting in a simple payback period of 2 years. The company will be able to save 37% (180 MWh/year) of its annual energy consumption and GHG emissions reduction of 87 tCO2eq/year.
Egypt Green Value Chain Financing Facility was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the Green Climate Fund (GCF), the European Union (EU) and the EBRD Shareholder Special Fund (SSF).
The Sub-borrowers receive an investment incentive for successful project implementation, provided by a grant from the EU.
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