Arab Finance: The Atico Factory for Wood Industries, affiliated with the Arab Organization for Industrialization (AOI), has signed a memorandum of understanding (MoU) with Romania’s Antares International, specialized in wood industries, to establish a joint line for hydraulic chairs production, as per a statement.

The production line is set to be 75% established with local component that meet all the the local market demand for modern office chairs at competitive prices, with the aim of exporting later on.

The signing came on the sidelines of the opening of Atico Wood Industries Factory after completing the development and modernization of its wooden furniture production lines.

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