Oriental Weavers Rebuts Plans to Establish New Plant in US

Egypt’s leading carpet manufacturer Oriental Weavers denied media reports about the company’s plans to establish a new factory in the U.S. and a marine port in Port Said.
The EGX-listed firm (ORWE.CA) indicated that these projects are not even related to one of its affiliate companies.

This statement was made by the company after newspapers reported that Oriental Weavers plans to build a factory in the U.S. and a floating dock in Port Said.