Industry, investment ministers probe Philips future plans in Egyptian market

Trade and Industry Minister Amr Nasar and Investment and International Cooperation Minister Sahr Nasr discussed with representatives of Philips international company in Egypt the future plans of the firm to start manufacturing lighting products to fulfill the needs of the local market and export to other countries.

In a statement on Sunday, Nasar said that the meeting took up the company's work plans to produce LED lighting products, noting that the firm started already producing searchlights, while lamps will be manufactured during the coming days.

The company produces two million lamps annually and targets increasing it to four million ones within one and a half years, he underscored.