Oriental Weavers Seen EGP6bn Total Sales by 2014-end – CEO

Egypt’s leading carpet manufacturer, Oriental Weavers is expected to achieve total sales of 6 billion Egyptian pounds (US$839.1 million) by end of 2014, chairman Mohamed Farid Khamis said.

According to OW chairman, the Group (ORWE.CA) plans to achieve those figures through boosting its exports to the foreign markets. Oriental Weavers’ exports to the international markets are expected to contribute 65% to the group’s total sales for the current year, he added.