Frigoglass Eyes Near 30% Market Share in MENA By 2028
- Frigoglass targets annual Egyptian production of 100,000 units
- Maker of beverage coolers entered Egypt market this year
Frigoglass Group, the UK-based maker of beverage coolers, aims to capture almost a third of the Middle East and North Africa region market by 2028, Chief Executive Officer Serge Joris said.
A goal to produce 100,000 units in Egypt by 2028 would give the company an estimated 30% share of the region’s cooler market, Joris said in a telephone interview. The company, whose customers include Coca-Cola HBC, Heineken NV and AB InBev SA, had been supplying Egypt from its Romania facility before switching in May to local production.