CIB and the National Bank of Egypt signed a financing agreement with Pure Dive to establish the first factory for chlorine tablets and granules in Egypt, Africa, and the Middle East, according to a statement from the Public Enterprises Ministry. The USD 39 mn project will be built at Misr Chemical Industries, supported by USD 21.8 mn and EGP 255 mn from the two banks, which will cover 70.6% of the investment cost.

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The project has a targeted annual production capacity of 10k tons of trichloroisocyanuric acid chlorine tablets and granules and 10k tons of cyanuric acid, which are used in pool sanitation, water treatment, and industrial applications for paper and textile processing. It will also produce 18k tons of anhydrous ammonium sulfate fertilizer, supporting national agricultural output. China’s Capchem is serving as the project’s general contractor, with ECG providing engineering consultancy.

We first heard about the project in 2023, when Egyptian Chemical Industries (Kima) and the Chemical Industries Holding Company agreed with Cadence Energy and Engineering and Project Development to set up Pure Dive — a holding company established to construct, manage, and operate the factory for chlorine pellets.

ALSO- China’s Xinmin Glass will build a USD 70 mn glassware factory in the ElSewedy Industrial Development’s Sokhna 360 industrial city, according to a statement from the Suez Canal Economic Zone. The factory will begin with a USD 30 mn phase and create 1k direct jobs.

PLUS- Blanket manufacturer Misr Spain Company for Blankets & Textiles plans to invest EGP 1 bn in 2026 to boost production capacity by up to 40%, CEO Amr El Tabbakh told Al Borsa. The company aims to grow its local market presence and increase its exports, with plans to export half of its annual output.

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