{"id":568372,"date":"2020-12-28T03:57:21","date_gmt":"2020-12-28T03:57:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/indias-tci-sanmar-to-invest-usd-200-mn-here-next-year\/"},"modified":"2020-12-28T03:57:21","modified_gmt":"2020-12-28T03:57:21","slug":"indias-tci-sanmar-to-invest-usd-200-mn-here-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/indias-tci-sanmar-to-invest-usd-200-mn-here-next-year\/","title":{"rendered":"India\u2019s TCI Sanmar to invest USD 200 mn here next year"},"content":{"rendered":"

<\/a> Indian industrial chemical manufacturer <\/strong>TCI Sanmar Chemicals<\/a><\/strong> is planning to resume its <\/strong>USD 200 mn investment in its Egyptian operations next year<\/strong>, the company\u2019s Egypt CEO Sherif El Manoufi said, according to Al Mal<\/a>. The investment will likely go towards expanding its production capacity of polyvinyl chloride and calcium chloride, with El Manoufi expecting a spike in demand of these chemicals on the back of infrastructure and national projects being greenlit and as Egypt looks to boost manufacturing of sanitizers. He anticipates that the company will \u201csignificantly grow\u201d its market share in 1H2021.<\/p>\n

TCI Sanmar <\/strong>had planned<\/a><\/strong> to invest USD 200 mn in 2020<\/strong>, but it appears that these have been put on hold due to limited demand caused by the covid-19 lockdown. El Manoufi noted that demand for products made by the company, including caustic soda, polyvinyl chloride, and calcium chloride had declined 30-50% in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian industrial chemical manufacturer TCI Sanmar Chemicals is planning to resume its USD 200 mn investment in its Egyptian operations next year, the company\u2019s Egypt CEO Sherif El Manoufi said, according to Al Mal. The investment will likely go towards expanding its production capacity of polyvinyl chloride and calcium chloride, with El Manoufi expecting a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,103,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568372","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-enterpriseam","tag-fdi","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"793ffa09-9087-4934-83e4-f5aba19fa9ee","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[568364],"teaser":"","voice_url":""},"yoast_head":"\nIndia\u2019s TCI Sanmar to invest USD 200 mn here next year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/indias-tci-sanmar-to-invest-usd-200-mn-here-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s TCI Sanmar to invest USD 200 mn here next year\" \/>\n<meta property=\"og:description\" content=\"Indian industrial chemical manufacturer TCI Sanmar Chemicals is planning to resume its USD 200 mn investment in its Egyptian operations next year, the company\u2019s Egypt CEO Sherif El Manoufi said, according to Al Mal. 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