Magdy Abdel Ghany, the chairperson of Universal Group for Household Appliances, said that the group’s investments in the Egyptian market are estimated at EGP 4bn, with 14 factories on an area of 250,000sqm, including three factories for household heaters and appliances, and 11 factories for feeder industries. Furthermore, according to Khaled El-Sayed, marketing head at Universal, his company currently has a market share of 40% in the local market, selling products such as cookers, heaters, and washing machines. Universal’s products are present in 80 countries around the world, and its products are used in 15m homes in Egypt and 10m homes around the world. Universal is among the only companies in Egypt that achieve 70% self-sufficiency for its needs, according to El-Sayed. He added that Universal is considered one of the ten largest exporters in Egypt.

Source: Daily News Egypt March 01, 2017 15:22 UTC