Egypt - Rubex International for Plastic and Acrylic Manufacturing (RUBX) has planned to develop the acrylic plant with EGP 20 million once the finance is available, Al Mal news cited Chairman of Rubex Magdy El-Taher.

It’s planned to develop the plant with high-tech equipment manufactured in China, Al Taher said. Chairman of Rubex Magdy El-Taher said.

Rubex incurred a net loss of EGP 1.26 million in 2020, versus a net profit of EGP 6.67 million in 2019.

Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.

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