GMC Egypt to inject $13 million investments in 2015

GMC Egypt Group for Industrial, Commercial and Financial Investments targets investments worth EGP 100 million (US$13 million) in 2015, founder and CEO Mohamed Genedy told Amwal Al Ghad on Tuesday.

Those investments will be allocated to expand into a number of GMC’s industrial and commercial activities, clarifying that the production capacity of the group’s factories would be boosted by entering new production lines.

Moreover, GMC’s chairman stated that the new manufacturing lines would be added to develop group’s products, notably washing machines and deep freezers in addition to plans to create new lines for home appliances field.