Mintra to establish USD 40 mn furniture manufacturing factory

Paper, filing, and binding company Mintra is establishing a new USD 40 mn furniture factory by the end of the year, CEO Hany Cassis told Al Borsa. The company already secured a number of supply agreements from the new factory with US-based companies, including Amazon. The new plant is part of Mintra’s bid to expand beyond its traditional market, he said, noting that Mintra wants to double its plastic production to 20,000 tonnes annually in two years’ time.