Oriental Weavers is targeting exports worth USD 400 mn and plans to push exports to reach 70% of total sales in 2018, Investor Relations Manager Ingy El Diwany said. The company also plans to invest around EUR 15-20 mn this year to reach its production targets, according to El Diwani. Oriental Weavers had announced in December it plans to spend EGP 120 mn on new production lines, machinery, and equipment this year, including adding 8-10 weaving looms by end-2018.

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