GM, BASF Resume Egypt Ops, Electrolux to Partially Open

General Motors and Germany-based chemicals firm BASF reopened facilities in Egypt yesterday, while Electrolux said it would partly resume operations on Monday, according to Reuters.

Electrolux, the world’s second-biggest home appliances maker with nearly 7,000 employees in Egypt, suspended production in Egypt on Wednesday due to the unstable security situation.
The Swedish company, with around 10 production facilities on the outskirts of Cairo, said it was assessing developments continuously and operations would partly resume on Monday.

More than 700 people have died, most of them backers of ousted president Mohamed Morsi, in four days of violence during which the army-backed government launched a fierce crackdown on his supporters.

Electrolux’s turnover in Egypt topped 2 billion crowns ($307 million) last year, out of total sales of about 110 billion.