TCI Sanmar to invest EGP 300 mn in three new production lines by August’s end

India’s TCI Sanmar Chemicals is investing EGP 300 mn to launch three new production lines by the end of August as it looks to increase sales up to 445k tonnes this year, according to CEO Sherif Menoufy. The company, which already owns an industrial complex in Port Said, is looking for a land plot in the Suez Canal Economic Zone (SCZone) to expand its Egypt investments.