Egypt’s Dice seeks $45mln exports in 2020

Egypt’s DICE, leading ready-made garments manufacturer, is seeking to increase the value of its exports to $45 million with an increase of  25 percent during 2020, Sameh Fathy, Customer Service Manager said.

He added on the side lines of destination Africa that his company is aiming at achieving exports of $36 million by the end of the current year, while exporting 3 million pieces.

He added that the company exports  its products to many countries such as US, Italy, Germany, Japan and Mexico and aims to enter new markets in Europe and South America.

He also pointed out the difficulty of export expansion in the African market in light of fierce competition from East Asian countries, whose prices are much lower than Egyptian products.

Fathy adde that the company aims to reach sales of 500 million pounds within the local market  during 2020, noting that the volume of production registers 70 thousand pieces per day.

He also stated that his company is seeking to increase the  production capacities during the coming period.

DICE is one of the leading export oriented and integrated apparel and ready-made garments manufacturer and a prominent apparel retailer in Egypt