*ISLAMABAD – One of the world’s leading suppliers of disposable personalhygiene products, Ontex is all geared up to double its investment inPakistan in the coming years.*
The Belgian multinational that operates in more than 110 countries wouldinvest €10 million or over USD11 million in Pakistan in the next two tothree years.
“We have invested €10 million in Pakistan since we started operating backin 2011. In the coming few years, another investment of €10 million will bemade in Pakistan. We will add new production lines, invest in warehouses,marketing and human capital,” said Pavel Verblyudenko, Vice President ofOntex for Middle East, Asia and Africa (MEAA), quoted *Arab News*.
The company official informed that it is planning to make Pakistan itsexport hub for its market in South Asia and Middle East. “We will exportfrom Pakistan. At the moment, we are trying to identify potential marketsfor our products. We are looking at Sri Lanka and Bangladesh, and we arevery serious about making Pakistan our export hub in South Asia and theMiddle East,” Verblyudenko informed.
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The Vice President added that the company wants to double its productioncapacity and enhance product range in the next few years.
With 18 manufacturing bases around the globe, Ontex employ more than 10 000people and generated sales of €2.29bn in 2018.
