TCI Sanmar plans to increase investments in Egypt

TCI Sanmar allocated 100 tons of concentrated hypochlorite to manufacture nearly 1,000 tons of disinfectants

  
A general view of narrow houses and factories in Cairo May 22, 2014 .

A general view of narrow houses and factories in Cairo May 22, 2014 .

REUTERS/Amr Abdallah Dalsh

Egypt - TCI Sanmar Chemicals is planning to promote its investments in Egypt in the upcoming fiscal year to reach $1.7 billion, according to Chairman P.S. Jayaraman.

The remarks came in a statement on Thursday, as the company participates in the “Made in Port Said” exhibition, on the sidelines of the third round of the Port Said Economic Forum.

The forum titled “East Port Said; Global Investments Destination & Egypt’s Development Engine” is taking place on 16-17 September in the Mediterranean coastal city.

Jayaraman also revealed that TCI Sanmar allocated 100 tons of concentrated hypochlorite to manufacture nearly 1,000 tons of disinfectants.

TCI Sanmar says it is the largest Indian investment in Egypt with $1.5 billion in foreign direct investment (FDI). It manufactures three main products, namely: Polyvinyl Chloride, as the largest manufacturer in the MENA region, Caustic Soda, and Calcium Chloride.

Source: Mubasher

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