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OW Hospitality confirms participation at naseba’s hospitality and infrastructure series of events in the Middle East

OW Hospitality today announced plans for its global expansion. The company is investing an estimated US$ 30million in development plans with the addition of three new high speed looms in its Cairo manufacturing facility; three high speed Axminster machines in its Tianjin (China) facility, and two looms in another unnamed location. The company also announced an aggressive expansion in its Middle East strategy, with participation in four key regional events being organised by French business information group naseba in 2012, namely: - 3rd Annual Concepts Middle East -February22nd-23rd 2012,Doha, Qatar - 4th Annual Kingdom Hotel Expansion Summit -May 26th-27th 2012, Riyadh, Kingdom of Saudi Arabia - 6th Annual Middle East Hospitality Expansion Congress -October 2012, Doha, Qatar - 3rd Annual Modern Makkah Summit and Awards - December 2012, Makkah Province, Kingdom of Saudi Arabia Michael Riley, CEO and Managing Director for OWH said: “The Chairman of Oriental Weavers Group, Mr Mohamed Farid Khamis has agreed to double our production capabilities within three years and expects to be manufacturing Axminster carpets on three continents by 2015.” The company confirmed it will soon be adding printed carpet to its offering. Riley stated: “Owning the largest Chromojet printing facility in the world (Mac Carpets) gives us a great competitive edge when we add a full line of printed carpets to our global hospitality product offering.” One of the key products OWH is launching this year is its spectacular RoyalAx™ quality. This has unmatched quality in the industry and received a spectacular reception by the clients who previewed it at the Domotex Fair in Germany last week. “We welcome OW Hospitality’s partnership with naseba over the course of four key initiatives during 2012. Given our proven track record of facilitating deal flow platforms throughout the Middle East, OWH have an opportunity to meet and do business with clientele they may have never previously had the opportunity to meet,” explained naseba Managing Director, Fabien Faure. “In order to utilise global assets and take advantage of the organisation’s (OWH) worldwide corporate structure and management team, we have decided to fully integrate the hospitality operation under the key management structure currently in place for all other flooring related businesses,” said Egyptian Industrialist Mohamed Farid Khamis, the company’s Chairman. He continued by adding: “The assets and synergies of our many other floor covering operations will be fully utilised to provide the best possible offerings and service to the worldwide hospitality market.” OW Hospitality website 3rd. Annual Concepts Middle East website
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