Egypt inks deal with three UAE companies to set up pipe plant

A new plant will be established for producing plastic pipes and hoses

  
Storage tanks of kerosene are seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018. Image for illustrative purposes.

Storage tanks of kerosene are seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018. Image for illustrative purposes.

REUTERS/Amr Abdallah Dalsh

Cairo – Mubasher: The Egyptian National Organization for Military Production (NOMP) and the Holding Company for Water and Wastewater (HCWW) have signed an agreement with three UAE companies to set up a joint venture (JV) that will establish a plant for manufacturing polyethylene and polypropylene pipes.

Under the deal, a new plant will be established for producing plastic pipes and hoses made from polyethylene and polypropylene, according to a statement released by the Egyptian Ministry of Military Production on Sunday.

The deal also includes the sale and marketing of these products in Egypt and other countries as well.

Commenting on the agreement, chairman of the Abu Dhabi-based Union Pipes Industry (UPI), Qasim Abdel Al Rahman, affirmed that the military production ministry and all its units have high-level technological, technical, and infrastructure capacities which would contribute to the success of the new JV.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

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.

More From Business