Sanmar Group plans to invest $150 mn in Egypt

摘要

The Sanmar group, which has established a huge chemicals complex in Port Said, Egypt - TCI Sanmar Chemicals SAE, plans to invest an additional US$150 mln in phase 2 of the project. This will involve setting up a new PVC plant with a capacity of 200,000 tons and expansion of its ethylene manufacturing capacity by 60,000 tons. After this round, the total investment will be US$1.3 bln (Rs7,800 crore).