MTI in talks with Whirlpool to manufacture home appliances in Egypt 2020

MTI Holding is in talks with its international partner Whirlpool to manufacture the latter’s full range of Whirlpool-branded home appliances in Egypt in 2020, General Manager Ghada Omran tells Al Mal. MTI has already begun assembling Whirlpool washing machines in a EGP 150 mn facility, we noted earlier this month. The company currently assembles the machines with a minimum of 25% domestic content, but plans to raise this figure to 45% in six months, Omran added. MTI will earmark its output for export to Morocco, Jordan, Palestine, Tunisia, Algeria, Saudi, Libya, and Iraq, before year-end.