CAIRO – Head of the Egyptian Export Council of Chemicals and Fertilizes Khaled Abul Makarem said that they seek to increase exports by 20 per cent during 2024, highlighting a new strategy that is based on new marketing tools to achieve this goal.
During the inauguration of the first edition of International Glass Show, Abul Makarem expected an increase in chemical industries sector’s investments, especially the glass products, as both manufacturers and producers became aware of the importance of boosting production and exporting the surplus to increase the country’s hard currency reserves.
Exports of glass products reached 200 million dollars in the first months of 2023 with the US leading the list of importers with its total imports hitting 32 million dollars to be followed by Turkey (25 million dollars) and Morocco (24 million dollars).
He made clear that pumping new investments in this sector will deepen local manufacturing and increase added value of the products to allow their export as finished products not as raw materials.
Discussion about this post