Unionaire looking to increase its capital, boost sales this year

Unionaire is looking to increase its capital to EGP 1 bn this year, up 36% from EGP 735 mn at the end of 2016, Al Masry Al Youm reports. The capital increase is part of the company’s plans to reach EGP 6 bn in sales by the end of 2017, up from EGP 4.5 bn last year, according to company sources. Unionaire is also planning to establish an 80k sqm industrial complex by July 2019 and add new production lines for open cell screens by June 2018.