Ceramica Cleopatra to Pump EGP400mn New Investments by Mid-2015

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Ceramica Cleopatra Group is aiming pumping EGP400 million investments until the mid of the next year 2015, chairman Mohamed Abou El Enein revealed.

Cleopatra Group is seeking increasing its stake to 35% within two years instead of the current stake which is 25%. He noted that the new investments will be directed to conduct new several expansions in Marsa Alam and Hurghada in addition to real estate expansions, Abou El Enein noted.

Speaking to Amwal Al Ghad, Abou El Enein explained that the Group is looking forward to double the capacity of the plants which affiliated to it with around 3 fold along with achieving 25% increase in growth rates.