Bisco Misr halts Cairo production due to strike

Ahram Online, Sunday 22 Jan 2012

Egypt's Bisco Misr has temporarily closed its factory in Cairo due to labour protests, the formerly state-owned confectioner announced on Sunday.

In a statement to Egypt's stock exchange, Bisco Misr said it had ceased production in Cairo but its two factories in Alexandria are unaffected.
Established in 1957 as Egyptian Company for Foods, Bisco Misr produces baked goods and confectionery and says it employs around 2,780 workers.
Initially a state enterprise, the company was partially privatised in the late 1990s. A consortium led by Concord International Investments now holds a majority stake.
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