OHYOUNG signs a large-scale dyestuff supply contract to Egypt

  OHYOUNG signed a contract to supply dyestuffs worth a total of 10 million US dollars with Alrowad Chemicals, an Egyptian Chemical supplier, at the ‘2024 Korea-Africa Business partnership and MOU Signing Ceremony’ held at the InterContinental Seoul COEX Hotel in Gangnam-gu, Seoul on June 4.

  OHYOUNG entered the Egyptian market to respond to the rapid growth of the African textile market, and has since expanded its market to South Africa and Ethiopia.

  OHYOUNG CEO Chung Jin-Wook said, ‘By signing this contract with Egypt, we plan to accelerate the development of market-tailored technology and secure new customers so that we can grow into a top-class dyestuff supplier in the African textile market.’

  This contract is expected to be an important stepping stone for OHYOUNG to strengthen its position in the African market and further increase its global competitiveness.