{"id":628700,"date":"2018-05-10T04:21:23","date_gmt":"2018-05-10T04:21:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/"},"modified":"2018-05-10T04:21:23","modified_gmt":"2018-05-10T04:21:23","slug":"oriental-weavers-targets-exports-worth-usd-400-mn-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/","title":{"rendered":"Oriental Weavers targets exports worth USD 400 mn this year"},"content":{"rendered":"<p>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 <a href=\"https:\/\/alborsanews.com\/2018\/05\/09\/1103690\">Ingy El Diwany said<\/a>. The company also plans to invest around EUR 15-20 mn this year to reach its production targets, according to El Diwani. Oriental Weavers <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/11\/oriental-weavers-to-invest-egp-120-mn-in-production-lines-and-equipment\/\">had announced in December<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&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":[7255],"tags":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628700","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"603d3db3-aa9f-43ac-9602-72a46712393c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Oriental Weavers targets exports worth USD 400 mn this year","related_issue":[628667],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.887bebe2-daea-41c6-9bf5-bf4965ce0a5a.mp3"},"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 targets exports worth USD 400 mn this year - 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\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oriental Weavers targets exports worth USD 400 mn this year\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-10T04:21:23+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oriental Weavers targets exports worth USD 400 mn this year\",\"datePublished\":\"2018-05-10T04:21:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/oriental-weavers-targets-exports-worth-usd-400-mn-this-year\/\",\"name\":\"Oriental Weavers targets exports worth USD 400 mn this year - 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The investments are part of the company\u2019s expansion strategy, which will be financed through a EUR 9 mn loan agreement with QNB Alahli. The\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":631353,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","url_meta":{"origin":628700,"position":2},"title":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"Oriental Weavers is planning to acquire assets worth EGP 147.6 mn this year, Al Borsa reports, without providing further details on the nature of these assets. The company had previously announced that it intends to invest around EGP 480 mn in 2018 to purchase new looms and spinning machinery.","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":548605,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/oriental-weavers-is-planning-a-new-factory\/","url_meta":{"origin":628700,"position":3},"title":"Oriental Weavers is planning a new factory","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"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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