Egypt: Flat Glass Feels The Pressure

The flat glass industry in Egypt is in danger due to rising costs, foreign currency shortage, and the lack of some production inputs, according to Mohamed Khattab, executive manager and MD at Sphinx Glass Ltd. He said that production costs have increased by 50% in the past two years, yet the price of products has not increased by the same ratio to bridge the gap. It has become difficult to compete with foreign products due to the increased cost of inputs, such as raw materials and energy.