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Tuesday, 30 May 2017

TCI Sanmar considers USD 300 mn investment

INVESTMENT WATCH- India’s TCI Sanmar Chemicals has plans to increase as much as USD 300 mn in Egypt, bringing its total invested here to USD 1.5 bn, Chairman PS Jayaraman told Investment Minister Sahar Nasr, according to Al Masry Al Youm. The company says it wants to increase its caustic soda production lines by investing USD 300 mn in doubling its PVC production output to 400,000 tonnes as well as including a new plant to manufacture 135,000 tonnes of calcium chloride. Separately, Nasr met with the Finnish ambassador to Egypt to discuss that country’s investments in renewable energy and electricity, Al Shorouk reports.

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