(MENAFN- Daily News Egypt) Mohamed Abdel-Karim, CEO of Asfour Crystal International Co, told Daily News Egypt that his company aims to expand production by 50% in the coming four years, clarifying that the company produces 120 tonnes of crystal per day.
Abdel-Karim added that the plan includes a 20% increase of the company€™s investments in Egypt. However, he did not reveal the value of the investments because it is not a listed company, but a family-owned one.
The company will increase its exports through entering new markets, said Abdel-Karim adding, €œthe main markets for chandeliers are Egypt, the Middle East, and Arab Gulf countries, while the crystal parts are exported to Europe, the US, East Asia, and China,€
€œAsfour Crystal International was founded in 1961 and is the largest producer of the full leaded crystal. The company exported about 80% of its production in the past years,€ said Abdel-Karim.
The company participates in many global glass exhibitions, added Abdel-Karim, including in Hong Kong, Italy, Germany, and Arab Gulf countries to promote its products worldwide and expand its technological knowledge.
€œAsfour€™s workforce consists of an elite of experts and some of the best engineers, administrators, and workers whose number exceeds 5,000,€ said Abdel-Karim.
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