World Bulletin / News Desk
Electrolux, the world's second-biggest home appliances maker, on Sunday extended the closure of its Egyptian facilities until security stabilises.
Electrolux, which has nearly 7,000 employees in Egypt, suspended production in the country on Wednesday for five days.
The Swedish company said in a statement it would reassess developments continuously. "Operations will be resumed as soon as the security situation stabilises," it said.
Electrolux's turnover in Egypt was more than 2 billion crowns ($307 million) last year, out of total sales of about 110 billion. It bought Egypt's biggest appliances maker Olympic Group in 2011.
Other international firms that halted production in the country earlier in the week include General Motors .
($1 = 6.5168 Swedish crowns)Güncelleme Tarihi: 18 Ağustos 2013, 12:51