GM, BASF reopen in Egypt as Electrolux extends closure
General Motors and German chemicals firm BASF reopened facilities in Egypt on Sunday while Electrolux extended plant closures until security stabilises. Electrolux, the world's second-biggest home appliances maker with nearly 7,000 employees in Egypt, suspended production in the country on Wednesday for five days. The Swedish company, whose 10 production facilities are on the outskirts of Cairo, said in a statement it would reassess developments continuously.
The real estate arm of family-owned conglomerate Al Futtaim Group said on Sunday work on Cairo Festival City - a 3 million square metre residential, commercial and retail development around one hour's drive from the areas worst affected by violence - was suspended on Wednesday. Other international firms said they were open again for business, with security staff monitoring events closely at production sites mostly some distance from the central Cairo flashpoints.... Read the full, comprehensive news article and discuss at The New Age OnlineSimilar Stories