Cairo – Mubasher: Oriental Weavers Carpet said it seeks to inject new investments amount to $83 million (EGP 740 million) through the upcoming five years.
The company will direct the new investments towards boosting the production capacity by 33 million meter square annually at its factory in 10th of Ramdan.
the world's biggest machine-woven carpet maker, reported an increase of 43.4% in net profits for the second quarter of 2016.
The company saw net profits of EGP 178 million ($19.96 million) for the second quarter of 2016, compared with EGP 124.13 million ($1 million) for the comparable period of the previous year.
