Austrian packaging manufacturer Alpla launched a new EUR 25 mn plant in 10th of Ramadan City yesterday through its joint venture Alpla Taba, according to Plasteurope.com. Alpla had bought a majority share in Taba Group acquired in 2015 a plant in El Obour City from Greece’s Argo.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…