C2C’s experts visit Egypt for Rakta's development study

The study will be prepared in India

ArabFinance: General Company for Paper Industry (Rakta) stated that C2C Consultancy’s experts visited Egypt to collect the technical information needed for the preparation of development study, according to Rakta’s statement filed to the Egyptian Exchange.

The study will be prepared in India, Rakta added.

Rakta signed on October 13th a technical consulting contract with India-based C2C for the rehabilitation and development of the former's factories.

Rakta reported a net loss of EGP 16.326 million in the July-September 2020, compared to EGP 27.833 million achieved in the prior-year period.

Rakta is an Egypt-based public shareholding company engaged in the production and distribution of printing and wrings papers, and multi-layered duplexes carton papers.

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