Panasonic office equipment products, exclusively distributed by Panatech Engineering, a part of the Al-Futtaim Group's electronics business, have announced a 30 percent sales increase in the first quarter of 2003. The sales increase has expanded the company’s market leadership position to 30-35 percent.
The market for office automation products has been growing at a rapid pace in the Middle East. "Despite the volatility of the market in the past year, we have seen the market grow to 25 percent in the last year,” said General Manager of Panatech Engineering, Dawood Bin Ozair.
The Al-Futtaim Group's electronic division consists of global brands in consumer electronics, household appliances, telecom, IT, air-conditioning, systems integration and software solutions. It retails through its rapidly expanding Plug-ins branded outlets. After sales service is covered by a countrywide service network. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
