AutoCool Egypt plans to invest EGP 45 mn to manufacture new parts for car ACs

Auto parts manufacturer AutoCool Egypt is planning to invest EGP 45 mn in new production lines for car air conditioning units, Chairman Hamdy Abdel Aziz tells Al Mal. The company will factor in the new domestic components quota set by Trade and Industry Minister Tarek Kabil last month as a precursor to issuing the Automotive Directive, he added.