EKH breaks ground on EGP 2.1 bn fiberboard factory in Beni Suef

INVESTMENT WATCH- EKH breaks ground on EGP 2.1 bn fiberboard factory in Beni Suef: Egypt Kuwait Holding (EKH) has begun constructing a EGP 2.1 bn medium-density fiberboard (MDF) factory in Beni Suef, the company said in a statement to the EGX (pdf). The 30,000 sqm factory will be constructed over two phases, with the first phase expected to be operational by 1H2020. The factory’s first phase will have a production capacity of 150k cubic meters per annum.