Dr Greiche Glass forges strategic merger with High Glass
Updated 7/10/2024 11:53:00 AMArab Finance: Dr Greiche has unveiled a strategic partnership through a merger agreement with High Glass Company to enhance growth opportunities both locally and globally, as per an emailed press release.
Dr Greiche Glass aims to significantly boost production to 150,000 square meters annually, alongside expanding our skilled workforce by 100 professionals.
Founded by Dr. Magdy Greiche in 1985, Dr. Greiche has achieved remarkable sales growth, with increases of 30%, 29%, and 15% in 2021, 2022, and 2023, respectively.
The company exports its products to over 40 countries across Europe, the Middle East, Africa, Asia, North America, and South America, with exports accounting for 30% of its total production.
Dr. Greiche aims to further expand its export footprint by tapping into new markets, with automotive glass constituting a significant portion of its sales.
Operating at a monthly capacity of 150,000 square meters, Dr. Greiche produces approximately 5,000 different types of automotive glass.
Related News
