ECA’s accusations contradict CAPMAS reports on Oriental Weavers

The Oriental Weavers Company plans to raise a grievance with influential quarters, including the cabinet, against the Egyptian Competition Authority’s (ECA) accusations Monday of monopolisation.

The ECA’s issued decision accused the company of monopolistic practices and referred it to the general prosecution, according to statements by Oriental Weavers’ Chairman, Salah Abdel Aziz, to Daily News Egypt.

According to Abdel Aziz, the company will submit documents to the Prosecutor General that refute the accusations against them. He added that the ECA report, accusing the company of controlling 90% of the mechanical carpet market during the inspection period, contradicts the latest reports by the Central Agency for Public Mobilization and Statistics (CAPMAS).

The CAPMAS report, according to Abdel Aziz, stated that Oriental Weavers has only 58% of sales, while 25% of the market sales went to imported carpets, in addition to 17% to other local producers.