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Rhythm expects 30 per cent export surge
DUBAI — Rhythm Watch Company, a leading Japanese manufacturer of time-keeping products, said it was expecting a 30 per cent growth in sales in the Middle East this year compared to last year.
Takanori Kudo, President, Rhywaco (HK) Co. Ltd, a subsidiary of Rhythm Watch Co. Ltd, said exports to the Middle East, which account for 25 per cent of the clock-maker's global sales, recorded a slow growth of five per cent in 2006 following a temporary suspension of exports to Iran.
Rhythm, which is holding the second Middle East distributors meeting in association with Cosmos-ITL Group, the exclusive distributor of Rhythm clocks and watches, said it is organising a road show at the Mall of Emirates to display its diverse range of clocks. The company's annual production is 20 million clocks.
Dr Ram Buxani, Executive Vice Chairman of Cosmos-ITL Group, said distributors from Bahrain, Oman, Kuwait, Syria, Lebanon, Iran, Pakistan, Bangladesh, India and the UAE would be taking part in the meeting.
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