Oriental Weavers Adds Production Lines

Cairo, Egypt, July 6, 2010--Oriental Weavers has acquired some production lines in three Belgian plants and is negotiating to acquire more lines after evaluating production capacity, said Haitham Abdel Menem, the company's investor relations manager.

Menem noted that Oriental exports grew 15% and said the firm is targeting new markets in Africa and Latin America.

Meanwhile, Menem said Oriental Weavers is on its way to complete an industrial complex, which is being implemented in three phases, and the first one will start in the next few months.

Additionally, Menem said that the firm has succeeded in implementing 60% of its current year plans.