Evolution of the establishment of new industrial complex (expansions) for the Oriental Weavers Carpet
Egytex News Desk
Source: Al Ahram Newspaper
oriental weavers carpet has revealed about establishing a new industrial complex in 10th of ramdan city of total area 190 thousands meters with investment cost of 1,3 billion pounds on three stages, in order to cope with the increase of global demand on the company's product. the company has decided from the beginning of the global crisis to delay the first stage this due being afraid from the effects of the global crisis on the global demand.
Because the achievements of the company's outstanding performance year 2009 was better from what was expected due to the successful strategy of the company Access to additional marketing quotas in global markets and expanding the network of outlets and the marketing in the local market, where the company's results come to reflect a growth reached 6% in woven carpet sector despite the decrease the Mechanical woven carpet industry global about 25%.
this comes with the achievements of the company in increasing the volume of the orders confirmed in international hanover 2010 which showed a growth of 67% compared to year 2009, this reflects This reflects the recovery in global markets and return to growthز
In light of these encouraging results, the company made redistributing for the schedule planned for the industrial complex to serve the requirements of the current phase where the first stage will start by establishing a new plant for thread with productivity of up to 400 thousand tons a year and be completed by subsequent stage in year 2011
Source: Al Ahram Newspaper
From the Egytex news archive, first published on 3 February 2010. Figures and names are as reported at the time.
