Egypt Kuwait Holding to begin wood production next year

Egypt Kuwait Holding Company (EKH) aims to start production from its EGP 2 bn pressed wood factory next year, investors relations manager Haitham Abdel Moniem told CNBC. The company had announced its plans to invest a total of EGP 3 bn in wood production back in 2018, including EGP 2 bn in a compressed wood plant in Beni Suef and an additional EGP 1 bn to grow feedstock for the plant.