India’s TCI Sanmar to scale up PVC production in Egypt with $300mln investment

Furthermore, the company is looking into establishing a sea dock west of Port Said Port to receive the raw materials needed for production

Staff Writer, Arab Finance

October 16, 2024

PHOTO

Egypt - India-based TCI Sanmar Chemicals is planning to invest over $300 million in the Egyptian market to scale up its production capacity of polyvinyl chloride (PVC), as per a statement.

The announcement came during a meeting between the Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and a delegation from the Indian firm to discuss the latter’s ongoing and future projects in Egypt.

Furthermore, the company is looking into establishing a sea dock west of Port Said Port to receive the raw materials needed for production.

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