PM Kandil To Open Oriental Weavers’ EGP 2.6 Bln Factory Next Week

By Yomna Yasser On Nov 13, 2012

Egypt’s Prime Minister Hisham Kandil will be opening within the coming week Oriental Weavers’ new factory located in the Industrial Zone in the 10^th of Ramadan with total investments of EGP 2.6 billion.

Mohamed Farid Khamis – Chairman of Oriental Weavers Group (OW) (ORWE.CA) – told Amwal Al Ghad that the new factory is to produce synthetic fibers with a production capacity of 43 thousand tons a year and with total sales of EGP 700 million, mostly to be exported to the global market.

The new factory is going to open up around 1700 direct job opportunities alongside thousands of indirect jobs.