Eradah For Investment & Agricultural Development
The company is responsible for investment in the agricultural activities and supply agricultural products for local market and major multinational factories.
General Information about the Company:
Name of Company: Eradah for Investment & Agricultural Development
Headquarter of Company: 28, Al Moltaka Al Araby District, Masaken Sheraton, Cairo
Legal Entity: Egyptian Shareholding Company, 100% Egyptian capital.
Capital: 50 million pounds authorized capital and 10 million pounds source capital.
Company’s Activity: reclaiming and equipping lands with basic facilities that make it suitable for cultivation and reclaimed lands agriculture by using modern irrigation methods.
Commencing date of Activity: 2011
Management of Company:
In spite of the novelty of the Company as it established in 2012, the Company has wide expertise in fields of farms establishments representing in the experience of board members in infrastructure works. It is managed by Eng. OSAMA ABDULLATIF, the Managing Director, who has accumulated experiences in constructions in Sharq Al Oweinat Area for more than fifteen years enabled him to establish several farms in Sharq Al Owainat that a number of experts of Ministry of Agriculture and other respected concerned entities witness its excellence, high-quality construction and compliance to modern methods of operation. The Managing Director has acquainted this accumulative experience through his work in Kingdom of Saudi Arabia and he implemented it in Sharq Al Owainat Area in farms he has constructed.
Development of the Company’s Activity:
Cultivated Areas Annually
The Company’s activity volume is developing since its incorporation in year 2011 until the present date by doubling the rented areas annually to meet the increasing request of the Company’s products for local or foreign market.
The cultivated areas per annum are as follows:
|Year||Space in Acres|
To achieve the Company’s objectives of development and expansion, the management of Company pumps capital annually to meet the requirements of this development. Having auditing financial statements of the Company, the working assets necessary for financing the agricultural activity of the Company to double Company’s investments is quadrupled during this period in order to cope with the Company’s ambitions.
Development of Annual Business Volume
As a result of the Company’s management efforts to execute the aimed annual expansion plan through increasing the invested capital and cultivated areas, sales volume of the Company’s products witnesses increasing development since Company’s incorporation until year 2014 which reflect the Company’s objectives and ambitions towards development. The Company also relies on its long experience in the agricultural field to provide high-quality agricultural products in compliance with local and world standard specifications, the matter that leads world factories seek to utilize the Company to supply its products by entering into annual contracts, they also are keen to increase quantities required per annum to make use of the quality of Company’s products.
The Most Important Agricultures
Winter Season: crop of potato, wheat and onion
Summer Season: peanuts, super pulp- yellow corn
The Company supplies its products in accordance to global specifications. The Company achieves its highest productivity of cultivated crops due to the following reasons:
- Choosing good seeds
- Making fattening program suitable for each crop separately
- Good and accurate following up during crop age.
- Agriculture at the appropriate times of each crop.
The Company has achieved significant productivity of 3.75 Ton/acres of wheat in the winter season 2014-2015
The Major Customers of the Company
The Company applies scientific standards in agriculture commencing from the choice of land, seeds, fertilizers, chemicals and agricultural equipment to obtain high-quality agricultural products in conformity with the world standards which leads to dealing with world companies in the field of agricultural manufacture and exporting to the world markets, some of our main customers with which the Company deals:
- Chipsy For Food Industries- PepsiCo
- The International Company for Agricultural Development – Farm Frites
- Egypt Foods
- Olam Dehydro Foods
- Upper Egypt Mills
- Owainate Oasis Co.
The Major Suppliers of the Company
In view of the Company’s interest to use high-quality types of fertilizers in conformity with the world specifications, technical tests necessary for all types of fertilizers and chemicals are conducted to approve its usage, its brochure are also used to determine types and species in conformity with the specifications and globally authorized. Among suppliers of the Company:
- Yara Agri Trade
- El Safa For Fertilizers and Chemicals
- Starchem Industrial
- Grow Tech For Agricultural Development
The management of Company has experienced greenhouses in our farms in Sharq Al Owainat. Five greenhouses of 10000 meters have been established. The crops “cucumber, Cantaloupe, colored pepper” have been cultivated. Significant high-quality productivity has been achieved to the local market and there is a plan to expand and introduce more Greenhouse growing products.
Scale of Employment in the Company
Total numbers of the full time employees ranges from 60 to 70 including engineers, technicians, workers, security officers, and financial and administrative affairs.
Daily/ temporary employment ranges from 40 to 60 workers in regular days.
Seasonal employment during agriculture and harvest days ranges from 400 to 500 workers.
Equipment owned by Company
The Company owns a wide number of agricultural tools and equipment and means of transportation necessary to ensure high automation and advanced methods maintained indifferent phased and activities including but not limited to:
Tractors – Planters – Combine harvesters – Fertilizer broadcasters – Fertilizer Sprinkles – Trailers – Trucks – Electricity Generators