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Lecico to tap Egypt’s brassware market in JV - Daily News Egypt

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Lecico to tap Egypt’s brassware market in JV

Egyptian ceramics firm Lecico will build a brassware factory at a cost of LE 16.5 million ($3 million), of which it has already spent about three-quarters, it said in a statement on Wednesday. The plant, a 70/30 joint venture with a family-owned group, will launch by mid-year and aims to bring in around LE 50 …


Egyptian ceramics firm Lecico will build a brassware factory at a cost of LE 16.5 million ($3 million), of which it has already spent about three-quarters, it said in a statement on Wednesday.

The plant, a 70/30 joint venture with a family-owned group, will launch by mid-year and aims to bring in around LE 50 million a year within four years, the statement said.

“The taps market in Egypt is estimated at over 4 million pieces and we also see a great potential for brassware exports,” Chairman and Chief Executive Officer Gilbert Gargour said in the statement.

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https://www.dailynewsegypt.com/2010/04/01/lecico-to-tap-egypts-brassware-market-in-jv/
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