{"id":548605,"date":"2022-08-15T04:00:35","date_gmt":"2022-08-15T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/"},"modified":"2022-08-15T04:00:35","modified_gmt":"2022-08-15T04:00:35","slug":"oriental-weavers-is-planning-a-new-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/","title":{"rendered":"Oriental Weavers is planning a new factory"},"content":{"rendered":"<p><strong>Carpet maker Oriental Weavers is planning to build a USD 50 mn factory<\/strong> in Tenth of Ramadan over the next three years after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/be287146-06a6-49f7-ae25-8f66565abb88\">offloading<\/a> its Chinese unit, <a href=\"https:\/\/tinyurl.com\/mtsmsnud\">Al Mal<\/a> reports.<\/p>\n<p><em>CORRECTION- This story was amended on 15 August to correct the investment value of Oriental Weavers' new factory. Representatives from the company confirmed to Enterprise that it is investing USD 50 mn, not USD 200 mn.\u00a0<\/em><\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Egypt<\/strong> is planning to increase the capacity of its electricity link with <strong>Sudan<\/strong> from 80 MW to 300 MW in December, according to a source at the Electricity Ministry. (<a href=\"https:\/\/bit.ly\/3bVoWYy\">Youm7<\/a>)<\/li>\n<li>The <strong>Tourism Ministry <\/strong>has hired <strong>advertising agency McCann<\/strong> to manage a new promotional campaign. (<a href=\"https:\/\/tinyurl.com\/2p8w7968\">Statement<\/a>)<\/li>\n<li>A microbus crash in <strong>Minya <\/strong>killed at least nine people and injured 18 others yesterday, after a tire blowout led the vehicle to overturn on a highway. (<a href=\"https:\/\/gate.ahram.org.eg\/News\/3638087.aspx\">Ahram Gate<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Carpet maker Oriental Weavers is planning to build a USD 50 mn factory in Tenth of Ramadan over the next three years after offloading its Chinese unit, Al Mal reports. CORRECTION- This story was amended on 15 August to correct the investment value of Oriental Weavers' new factory. Representatives from the company confirmed to Enterprise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,244,72,1202,126,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548605","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-electricity","tag-enterpriseam","tag-oriental-weavers","tag-sudan","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"3e1c9078-c75f-491a-a520-e9e4032e086a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548585],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oriental Weavers is planning a new factory - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oriental Weavers is planning a new factory\" \/>\n<meta property=\"og:description\" content=\"Carpet maker Oriental Weavers is planning to build a USD 50 mn factory in Tenth of Ramadan over the next three years after offloading its Chinese unit, Al Mal reports. CORRECTION- This story was amended on 15 August to correct the investment value of Oriental Weavers&#039; new factory. Representatives from the company confirmed to Enterprise [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-15T04:00:35+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oriental Weavers is planning a new factory\",\"datePublished\":\"2022-08-15T04:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\"},\"wordCount\":150,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"electricity\",\"EnterpriseAM\",\"Oriental Weavers\",\"Sudan\",\"tourism\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\",\"name\":\"Oriental Weavers is planning a new factory - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-08-15T04:00:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oriental Weavers is planning a new factory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oriental Weavers is planning a new factory - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/","og_locale":"en_US","og_type":"article","og_title":"Oriental Weavers is planning a new factory","og_description":"Carpet maker Oriental Weavers is planning to build a USD 50 mn factory in Tenth of Ramadan over the next three years after offloading its Chinese unit, Al Mal reports. 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PLUS: News from Hassan Allam, Thales, Elsewedy Electric, Oriental Weavers","author":"enterpriseam admin","date":"16 November 2023","format":false,"excerpt":"HO Group\u2019s pharma arm is now the sole owner of United Company of Pharmacists","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/903.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632148,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/oriental-weavers-looking-at-indonesia-and-brazil-for-a-carpet-factory\/","url_meta":{"origin":548605,"position":1},"title":"Oriental Weavers looking at Indonesia and Brazil for a carpet factory","author":"enterpriseam admin","date":"4 February 2018","format":false,"excerpt":"Oriental Weavers is looking to establish a new factory to produce carpet fibre in either Brazil or Indonesia, Chairman Mohamed Farid Khamis said yesterday, Al Borsa reports. The company is also close to finalizing feasibility studies for a USD 1.1 bn polypropylene plant in Port Said and is planning to\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650449,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/oriental-weavers-to-buy-usd-10-mn-worth-of-equipment\/","url_meta":{"origin":548605,"position":2},"title":"Oriental Weavers to buy USD 10 mn worth of equipment","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"Oriental Weavers is planning to buy 11 new looms and other equipment worth USD 10 mn in 2017, according to a bourse statement. The company targets net sales of EGP 10-11 bn in 2017 with annual growth exceeding 50%.","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628700,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/","url_meta":{"origin":548605,"position":3},"title":"Oriental Weavers targets exports worth USD 400 mn this year","author":"enterpriseam admin","date":"10 May 2018","format":false,"excerpt":"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.\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":683995,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/03\/oriental-weavers-counts-carbon-to-clear-new-green-trade-hurdles\/","url_meta":{"origin":548605,"position":4},"title":"Oriental Weavers counts carbon to clear new green trade hurdles","author":"enterpriseam admin","date":"3 March 2026","format":false,"excerpt":"Plus: Valmore Holding sees revenues rise 24% y-o-y in 2025","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/3\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637760,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/oriental-weavers-to-borrow-eur-9-mn-from-qnb-alahli\/","url_meta":{"origin":548605,"position":5},"title":"Oriental Weavers to borrow EUR 9 mn from QNB Alahli","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"Oriental Weavers will borrow EUR 9 mn or the equivalent in USD from QNB Alahli, the company announced. The company did not disclose its intended use for the proceeds.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548605"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548605\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548585"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548605"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548605"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}