SICO to invest EGP 200 mn on new production lines at its Assiut factory

Egyptian electronics manufacturer SICO plans to invest EGP 200 mn to add new production lines to its Assiut factory this year, CEO Mahmoud Salem said, Amwal Al Ghad reports. Salem had previously said the company plans to raise its CAPEX to EGP 1 bn over the coming three years, from a current EGP 422 mn.