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Wednesday, 27 November 2019

India’s TCI Sanmar Chemicals to invest USD 200 mn in Egypt next year

INVESTMENT WATCH- TCI Sanmar to invest USD 200 mn in Egypt next year: India’s TCI Sanmar Chemicals is planning to invest USD 200 mn in Egypt in 2020, Chairman PS Jayaraman told the local press. Jayaraman did not provide details on what the investments will be used for. Sanmar, which is specialized in the production of caustic soda, polyvinyl chloride, and ethylene, had said earlier this year it plans to invest USD 125 mn to expand its Port Said factory and double its production capacity of industrial chemical compounds.

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