Cambridge Weavers Shakes Up Staid Axminster Business

HANOVER, Germany-Cambridge Weavers, a new division of Oriental Weavers Group, is gearing up to attain a $250 million share of the Axminster woven hospitality business within the next 10 years. Oriental Weavers owner Mohamed Farid Khamis said he expects to surpass his competition using versatile technology to produce what Khamis calls ''excellent Axminster quality at affordable prices.'' Despite being new...