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

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Vikas Banduke

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sonam & Paras Modi
SVA

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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