(MENAFN- Brazil-Arab News Agency (ANBA))
São Paulo – The Lotas Group, a traditional company in Brazil-Egypt trade, has turned its Egyptian branch into a trading company to expand operations and tap into a new range of products and business possibilities. The Egypt-based company, that was only a trade representation office until last year, now focuses on catering to the customer needs like trading by seeking and distributing products from various sectors between Brazil and Africa.
“Since 2021, the Lotas Foreign Trade Group in Brazil and Egypt, in its new phase, seeks to bring Egypt, Brazil and African countries closer together for a trade integration of convenient products between them via its branch Lotas Egypt for Foreign Trade based in Giza, Egypt,” CEO Abdel Wahab Mansour told ANBA.
Lotas' business includes the firm in Egypt, which is now a trading company, and Lotas Brazil, which will keep operating as a trade representative. While a representative mediates business between companies in a commissioned manner, a trading firm can import and export on its own and can explore markets directly with its own brands. The company's website presents the new features of its new business format.
“The new philosophy of Lotas Trading aims at supplying not only specific products to one market but catering to the needs of importers of products and services of the other two markets as well to handle integration in a practical approach,” Mansour said. The Lotas companies always focuses on the complementariness of the economies of Brazil and Egypt, and business will follow this philosophy in a new format but exploring the demands more extensively, ranging from fertilizers to foodstuff.
Lotas' cotton
Lotas Brazil is best known for selling Egyptian cotton products in the Brazilian market and will keep having a strong presence in the sector as a representative. The company brings to Brazil Egyptian cotton products that are internationally recognized by their quality.“Lotas Foreign Trade Brazil offers unparalleled Egyptian long-staple cotton for all market segments, including 100% cotton yearn for knitting, weaving, sewing, tricot and crochet, as well as for kites, thus ensuring an outstanding quality,” Lotas Brazil Operations and Marketing manager Vasni Mantovani told ANBA.
Contact info:
Website: Lotas
Contact Lotas Brazil: + 55 11 3251 4215 –
Contact Lotas Egypt: + 20 2 3761 6045 –
Translated by Guilherme Miranda
Supplied
The post Lotas Egypt becomes trading company to expand operations appeared first on Agência de Notícias Brasil-Árabe .
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