Indian petrochemical company to increase investment in Egypt

Indian petrochemical company to increase investment in Egypt

India’s largest investor in Egypt’s chemical business is planning to increase its investments in the Middle Eastern country to USD 1.5 billion, the company’s top executive has said.

The petrochemicals giant TCI Sanmar’s current investments in Egypt are estimated at USD 1.2 billion in Caustic soda. The company aims at increasing the production of Poly Vinyl Chloride (PVC) from 200,000 metric tonnes to 400,000 metric tonnes with USD 300 millions, which will be the biggest production of PVC in the Middle East, Chairman PS Jayaraman said. Read More…

 

 

 

Credit By: ET Energy World

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