GAFI inaugurates first 100% Vietnamese investment in Egypt's petrochemicals sector

Reuters Images

The factory will specialize in producing filler masterbatch, used in the manufacture of plastic pipes and bags, at an investment cost of $30 million in the first phase

Staff Writer, Arab Finance

January 18, 2024

PHOTO

The General Authority for Investment and Free Zones (GAFI) inaugurated the petrochemical production plant EUP Egypt, the first factory with 100% Vietnamese investments, in Sadat City, as per a statement on January 17th.

The factory will specialize in producing filler masterbatch, used in the manufacture of plastic pipes and bags, at an investment cost of $30 million in the first phase.

The factory’s production capacity will be 300,000 tons to meet the needs of the local market and exports.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.