FINANCIAL NEWS

Universal Group sets up EGP130m factory in Egypt

22 Aug 2016

(MENAFN) Universal Group proclaimed the launch of its new factory for home appliance moulds at a cost of EGP130mn.

Accordingly, it is the latest of 14 plants in the country belonging to the group for the producer of household appliances.

Moreover, the group target is for its factories to become self-sufficient, and it also aims to enlarge its investments in Egypt in the recent year.

In addition, the firm recently exports 60pct of their products abroad, including stoves, washing machines and water heaters.

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