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BASF wants to increase its business volume by 5% every year
German chemicals and plastics manufacturer BASF wants to grow its business in Egypt by at least 5% every year, Managing…
MANUFACTURING-
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IDA to establish seven new industrial zones
The Industrial Development Authority (IDA) is gearing up to establish seven new industrial zones in Upper Egypt, Six October City,…
LG’s post-float FX losses land north of USD 170 mn
LG sustained FX losses north of USD 170 mn since the EGP float last November, Egypt Managing Director Don Kwack…
LG to inject USD 130 mn in new investments in Egypt
LG Egypt plans to invest USD 130 mn in Egypt, Managing Director Don Kwack told Investment and International Cooperation Minister…
Holding Company for Chemical Industries looking to establish USD 400 mn tire factory
The Holding Company for Chemical Industries is looking into establishing a USD 400 mn tire factory with the Transport and…
Tahya Misr and Vacsera complete insulin plant feasibility study, to start construction in July
State-owned company Vacsera and the Tahya Misr Fund have completed feasibility studies for the USD 30 mn insulin plant that…
IDA mulling new framework for allocating land to industrial utilities developers
The Industrial Development Authority is mulling a new framework and pricing structure to allocate land to industrial utilities developers, Al…
LG Egypt looking to increase exports to USD 85 mn in 1H2017
LG Egypt is targeting increasing its television exports to USD 85 mn in 1H2017 from USD 62 mn in 1H2016,…
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