Oriental Weavers to invest EGP 90m in 2015

Oriental Weavers Group, one of the world’s largest machine-made carpet, rug and related raw materials producers, has announced bold investments for 2015. Its products and staff have delivered consistent and sustainable performance for both existing customers and a growing roster of new ones. Oriental Weavers was able to deploy and expand its production and efficiency through launching a new automated warehouse and three new production lines.

Confirming its confidence in Egypt’s investment climate and within its continuous support to the economy, the group announced pumping EGP 90 million as new investments in its 10th of Ramadan-based factory in the coming four years.

Oriental Weavers prides itself with its one of a kind 13,500m² fully-automated warehouse. With total investments of almost EGP 86m, the group confirms its leadership in the local and global carpet markets. The warehouse is designed according to the highest international standards to be fully automated with total capacity reaching 3,500 carpets which is equivalent to 40,000 metres of carpets daily.