Raya’s BariQ to invest EGP 300 mn in Sixth of October facilities

Raya Holding’s recycled plastic producer BariQ aims to invest EGP 300 mn to expand its Sixth of October facilities, Sales Manager Ahmed Nabil told the local press. The company aims to establish new production lines to double its output capacity to 3.2 bn recyclable bottles per year. The company exports 100% of the raw material it produces from recyclable bottles, which amounts to 15k tonnes per year.