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FINANCIAL NEWS
UAE’s Intercoil invests USD8m in expansion projects
26 May 2014
(MENAFN) Intercoil International, the UAE-based manufacturer, retailer and distributor of furniture, has invested USD8.166 million in an expansion project of two manufacturing facilities, according to the Emirates 24/7.
Hassan Al Hazeem, Managing Director of Intercoil, said the company plans to expand its existence in CIS countries, South-East-West Africa, Central Asia and Eastern Europe.
The company has signed a licensing agreement with Kenyan Bobmil Group of Companies to achieve its goal in expanding beyond Middle East and allow Bobmil manufacture and sell Intercoil�s bedding products in Kenya.
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