Home / Knowledge / News / Apparel/Garments / Egypt-based Kabo aims at two-fold sales by 2013
Egypt-based Kabo aims at two-fold sales by 2013
29
Jul '10
Chairman of El Nasr Clothing & Textile Co (Kabo), a garment producing company, which falls in the list of foremost companies of Egypt that were privatized recently, stated that, the company will be looking forward to double-up its sales figures by 2013, as it streamlines and enhances its capacities.

Since its privatization and listing on Stock Exchange in 1997, the company has been restructuring itself as it further downsized its labour strength and also reorganized the operations since September as Amr El Sharnoubi was appointed as the Chairman of the company. In times to come, main aim of the company would be to boost up sales, enhance its effectiveness and cost control, informed the Chairman.

Kabo, the maker of innerwear, nightwear and outerwear for men, women and kids in the middle-end market, generated revenue worth 135 million Egyptian pounds in the financial year 2008-09.

Main focus of the company still remains to be men's products, said the Chairman further adding that, by year end they expect to see the sales going up by 15 percent over previous fiscal. Financial results for 2009-10 fiscal, which ended on June 30, 2010, will be announced in August.

Kabo, in September last year trimmed its labour strength from 5,100 to 4,600. Sharnoubi informed that, of the total expenses incurred by the company, 50 percent was recorded towards payment of wages, which is a major cost component and thus, they are trying to downsize this cost.

Amwal Al Arabia, the textiles arm of Arab Cotton Ginning Co and sister company Egypt Ginning, holds 49 percent shares in Kabo, stated the Chairman.

Fibre2Fashion News Desk - India


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search