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Monday, 18 March 2019

India’s TCI Sanmar Chemicals to invest USD 125 mn to expand Egypt operations

INVESTMENT WATCH- TCI Sanmar to invest USD 125 mn to expand Egypt business: India’s TCI Sanmar Chemicals is planning to invest USD 125 mn to expand its Port Said factory and double its production capacity to 400k tonnes of industrial chemical compounds, Chairman PS Jayaraman said. The company completed USD 280 mn-worth of expansions to the facility last year, Jayaraman added. The facility is specialized in the production of caustic soda, polyvinyl chloride, and ethylene. We also noted last year that Sanmar was on the lookout for a land plot in the Suez Canal Economic Zone to set up shop there.

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