ORIENTAL WEAVERS CARPET CO.
Oriental Weavers is one of the world’s largest manufacturers of machine-made carpets. Our contribution is estimated at 11.13% of its capital as of 31/12/2021. Over the past four decades, Oriental Weavers has been able to continuously expand their production capacity to nearly 150 million square meters produced through 8 plants in the Arab Republic of Egypt, the United States of America, and the People’s Republic of China.
Thankfully, with the continuing efforts of Oriental Weavers’ employees and the rigorous planning of the team, in addition to the use of the latest technological means, product quality, and innovative design, Oriental Weavers was able to grow at a rapid pace in exporting to world markets, which amounts to 68% of Company’s sales in 2021. Oriental Weavers is one of the largest exporters in the Arab Republic of Egypt, where the Company exports its products to more than 130 countries around the world, and the Company exports to the United States of America cover 14% of American imports of machine-made carpets This is in addition to the leading position in the Egyptian market, with the market share of more than 80% through Company’s showrooms and wholesale outlets.
In an effort of Oriental Weavers Corporate to keep up with the continuous development of the quality of items, the efficiency of production, and meet the growing demand for the Company’s products in both domestic and export markets, The Company has purchased in the year 2021, 9 new looms that cost $26 million. It is worth noting that the most of added looms are among the latest in machine technology in the world, allowing an increase in production capacity by 3%.
The Company has also added 4 Goblin machines to cope with the increasing demand for Goblin carpets. In addition, the Company upgraded the printing machines at MAC and EFCO specializing in printed and non-woven carpets. The Company is adding new capacities to yarns, which will increase the self-sufficiency ratio of yarns as well as looms for the carpet industry. The Company plans to invest $15 million in 2021 in this development. Oriental Weavers Corporate acquires a market share of up to 80% of the Egyptian local market, through distribution networks and showrooms of up to 259 showrooms and wholesale outlets spread throughout the Arab Republic of Egypt. Given the expected growth in the domestic market, the Company plans to open new showrooms in order to cope with increasing growth, 7 showrooms have opened in 2021 and new showrooms are planned to open in 2022.
For more information: