Zeina Paper Products seeks 20% growth in sales end 2015

The Egyptian Company for Paper and Hygienic Products (Zeina) targets achieving 20 percent growth in sales volume to hit 1.2 billion Egyptian pounds (US$153.1 million) at the end of 2015.

Adbul Karim Natout – Company’s chairman- told Amwal Al Ghad that Zeina aims at inaugurating new factory for manufacturing tissues with investment cost estimated at around US$20 million in 2016.

The new factory is set to be established in 10th of Ramadan City and expected to operate with capacity estimated at 2,500 tonnes monthly, Natout added.

Chairman Natout further clarified that the investments of Zeina in the local market worth around one billion Egyptian pounds with total capacity estimated at 32,000 tonnes monthly.