Cairo Oils & Soap (COSG.CA) sent a release to CASE replying to its inquiries about the news published in one of the newspaper claiming that the company has penetrated new export markets, and the increase of local markets supply from 700 tons to 1000 tons per month. The company stated the following:
*It has already entered new markets including Lebanon, Kuwait, Bulgaria, and it has already announced exporting to Libya.
*The company has increased its monthly production to 1000 tons from 200 tons.
*The company will sell 30,000 meters from Al Kanater factory's land, and is expected to sell it at LE 60 million.
* The company stated that it is undertaking restructuring and development works, and so expansionary plan to establish a new factory in Al Ayyat, with LE 15 to 20 million new investments
