{"id":575610,"date":"2020-10-20T04:20:59","date_gmt":"2020-10-20T04:20:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/"},"modified":"2020-10-20T04:20:59","modified_gmt":"2020-10-20T04:20:59","slug":"icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/","title":{"rendered":"ICMI to produce 100 mn \u201csmart\u201d syringes annually starting 1Q2021"},"content":{"rendered":"

The International Company for Medical Industries (ICMI) will start manufacturing self-destructing syringes during 1Q2021 and aims to produce 100 mn each year for the local market, Managing Director Hisham Saber told Al Mal<\/a>. The company plans to invest EGP 12 mn in the venture and is in talks with two local banks to obtain a EGP 30 mn loan. The decision came after global health organizations called for the switch to the \u201csmart\u201d syringes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Company for Medical Industries (ICMI) will start manufacturing self-destructing syringes during 1Q2021 and aims to produce 100 mn each year for the local market, Managing Director Hisham Saber told Al Mal. The company plans to invest EGP 12 mn in the venture and is in talks with two local banks to obtain 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":[9314],"tags":[7106,72,2400],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575610","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-debt","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"a2e375a6-ca91-4f39-aa24-98b5ed365ac0","is_powered_by":true,"section_story_id":"872573d3-f66a-4d74-9616-9d7b06642c3c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575579],"teaser":"","voice_url":""},"yoast_head":"\nICMI to produce 100 mn \u201csmart\u201d syringes annually starting 1Q2021 - 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\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICMI to produce 100 mn \u201csmart\u201d syringes annually starting 1Q2021\" \/>\n<meta property=\"og:description\" content=\"The International Company for Medical Industries (ICMI) will start manufacturing self-destructing syringes during 1Q2021 and aims to produce 100 mn each year for the local market, Managing Director Hisham Saber told Al Mal. The company plans to invest EGP 12 mn in the venture and is in talks with two local banks to obtain a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T04:20:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ICMI to produce 100 mn \u201csmart\u201d syringes annually starting 1Q2021\",\"datePublished\":\"2020-10-20T04:20:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt\",\"EnterpriseAM\",\"Health + Education\"],\"articleSection\":[\"Health + Education\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/icmi-to-produce-100-mn-smart-syringes-annually-starting-1q2021\/\",\"name\":\"ICMI to produce 100 mn \u201csmart\u201d syringes annually starting 1Q2021 - 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The company recently acquired two factories from New Alfa and Alfa Medical, which will be used to manufacture syringes and solution\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568607,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/icmi-plans-to-invest-egp-24-mn-in-2020\/","url_meta":{"origin":575610,"position":1},"title":"ICMI plans to invest EGP 24 mn in 2020","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Healthcare company International Company for Medical Industries (ICMI) plans to invest EGP 24 mn in 2020 through its New Alpha and United Group subsidiaries, Managing Director Hisham Saber told Al Mal. The company will use bank loans to finance the new investment, Saber said, adding that negotiations with several local\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631296,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/vacsera-to-establish-usd-16-bn-syringes-factory-with-abu-dhabi-medical-devices\/","url_meta":{"origin":575610,"position":2},"title":"Vacsera to establish USD 16 bn syringes factory with Abu Dhabi Medical Devices","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"A subsidiary of state-owned vaccine manufacturer Vacsera has signed an agreement with Abu Dhabi Medical Devices Company and Maadi Company for Engineering Industries to establish a USD 16 bn disposable syringes factory, Al Borsa reports. Construction is scheduled to be complete in 18-24 months and the factory is expected to\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581392,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/sri-lankas-lolc-wants-to-expand-in-egypt\/","url_meta":{"origin":575610,"position":3},"title":"Sri Lanka\u2019s LOLC wants to expand in Egypt","author":"enterpriseam admin","date":"9 February 2023","format":false,"excerpt":"Yesterday in M&A: A Sri Lankan financial services conglomerate that established a presence in Egypt last year wants to make new acquisitions, and Nilex-listed medical supplier ICMI has signed a purchase agreement to acquire a textile company.LOLC WANTS MORE LOCAL FIRMS-(xxSA) Sri Lankan conglomerate LOLC Group wants to acquire several\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/lolc-1600px.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642145,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/health-ministry-to-inaugurate-syringe-factory\/","url_meta":{"origin":575610,"position":4},"title":"Health Ministry to inaugurate syringe factory","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"The Health Ministry will be inaugurating a new self-destructing syringe factory next week, according to Al Borsa. The factory was built in collaboration with the Military Production Ministry and will begin producing an initial 50 mn syringes a year and work up to a capacity of 600 mn. We would\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578671,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/compass-capital-cleared-to-do-due-diligence-on-pachin-plus-speed-medical-icmi-make-ma-headlines\/","url_meta":{"origin":575610,"position":5},"title":"Compass Capital cleared to do due diligence on Pachin. 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