Cleopatra Group to open $50M ceramic manufacturing factory in June

Updated 5/13/2024 2:08:00 PM
Cleopatra Group to open $50M ceramic manufacturing factory in June

Arab Finance: Cleopatra Group is set to inaugurate a new factory for the manufacturing of ceramics and porcelain in June, with $50 million in investments, Chairman Mohammed Abou El Enein told Asharq Business on May 13th.

The new factory comprises six production lines, Abou El Enein said, adding that the group targets exporting 50% of the factory’s output abroad.

The group is also working on boosting its investments in the media sector, Abou El Enein pointed out. 

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