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Danieli to secure loan for USD 1 bn steel complex in SCZone in July
Italy’s Danieli Group is expected to secure a loan in July to begin work on a USD 1 bn steel…
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LG incurred losses last year, still set to invest locally
LG Egypt incurred losses in 2016 because of the EGP float, Managing Director Don Kwak said, according to Al Mal.…
LG to operate new washers line within a month, targets USD 250 mn in exports
LG is begin operations at its new washers production line at its Sixth of October plant within a month, LG…
Alexandria’s Chamber of Commerce setting up EGP 5 bn industrial complex
Alexandria’s Chamber of Commerce is attempting to set up a new EGP 5 bn industrial complex comprised of a logistics…
Pyramids Tires to launch USD 350 mn tire factory in Port Said
Pyramids Tires broke ground on a USD 350 mn tire factory in Port Said, Youm7 reports. The plant should be…
KIMA exports up by 130% by end of May since the start of FY 2016-17
The Egyptian Chemical Industries (KIMA) announced its exports increased by 130% by the end of May, compared with 1 July…
LaFarge subsidiary to build EGP 250 mn alternative fuel factory
LaFarge Group subsidiary Geocycle is planning to build a EGP 250 mn alternative fuel factory in Suez, Al Borsa reports.
India-based Nuberg to build caustic soda plant in Alexandria
The Egyptian Petrochemicals Company tapped India’s Nuberg Engineering to establish a caustic soda plant in Alexandria, Business Standard reports. The…
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