{"id":617342,"date":"2024-03-20T00:00:00","date_gmt":"2024-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/20\/we-have-two-recycled-plastic-factories-in-the-making\/"},"modified":"2024-03-20T00:00:00","modified_gmt":"2024-03-20T00:00:00","slug":"we-have-two-recycled-plastic-factories-in-the-making","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/20\/we-have-two-recycled-plastic-factories-in-the-making\/","title":{"rendered":"We have two recycled plastic factories in the making"},"content":{"rendered":"

\n

INVESTMENT-<\/p>\n

Two new recycled plastic factories courtesy of BariQ:<\/strong> Intro Group\u2019s recycling company BariQ is setting up two recycled plastic factories in Sixth of October this year with combined investments of USD 30 mn, head of the company\u2019s financial sector Hussein Youssef told Al Borsa<\/a>.<\/p>\n

Where things currently stand: <\/strong>Construction of the first factory is complete, with operations to begin during 1H 2024. The factory will have a production capacity of 34k plastic granules, Youssef said. Construction of the second factory is scheduled to be completed during 4Q 2024 and it will have the same production capacity as the first factory. The two factories will increase BariQ\u2019s annual exports by an annual USD 60-70 mn and help it build a presence in new markets such as Saudi Arabia and African countries, Youssef added.<\/p>\n

\n

TELECOMS-<\/p>\n

Telecom Egypt to expand its networks with EXA Infrastructure:<\/strong> Telecom Egypt inked an agreement with UK-based digital connectivity firm EXA Infrastructure<\/a> to link Egypt with EXA\u2019s extended network to Europe through 19 subsea cable routes, according to a Telecom Egypt statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two factories are being set up by recycling company BariQ<\/p>\n","protected":false},"author":1,"featured_media":617343,"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":[7209],"tags":[111,904,214,72,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bariq","tag-cit","tag-enterpriseam","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"e80d0523-a35e-4c4e-8fa1-aeb3a4ce43e4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1783.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt will be getting two new two recycled plastic factories","related_issue":[617324],"teaser":"The two factories are being set up by recycling company BariQ","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.6f36a407-a940-4615-9ee6-1141e7615410.mp3"},"yoast_head":"\nWe have two recycled plastic factories in the making - 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The plant will sort 10 tonnes of plastic an hour when running at full capacity, which Zaki says would be the highest rate\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571168,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/six-foreign-and-egyptian-investors-want-a-stake-of-rayas-bariq\/","url_meta":{"origin":617342,"position":1},"title":"Six foreign and Egyptian investors want a stake of Raya\u2019s BariQ","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"M&A WATCH- At least six foreign and Egyptian investors have shown interest in acquiring a stake in Raya Holding's recycled plastic producer BariQ, including an Egyptian investment institution that seeks full ownership, Al Mal reports, citing an unnamed source Five other foreign and local investors have made non-binding offers to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571093,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/rayas-bariq-peaks-interest-of-foreign-local-investors\/","url_meta":{"origin":617342,"position":2},"title":"Raya\u2019s BariQ peaks interest of foreign, local investors","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"M&A WATCH- Raya\u2019s BariQ piques foreign, local investors\u2019 interest: Several unnamed investors have expressed interest in Raya Holding\u2019s recycled plastic producer BariQ, Raya said in a disclosure yesterday (pdf). Raya has received offers of interest for minority and majority stakes as well as proposals to buy out the company but\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576172,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/","url_meta":{"origin":617342,"position":3},"title":"Raya close to offloading recycling subsidiary BariQ","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling subsidiary BariQ to an unnamed foriegn investor after the company\u2019s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure (pdf). Raya earlier this year started receiving offers from interested\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593545,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/rayas-bariq-to-invest-egp-300-mn-in-sixth-of-october-facilities\/","url_meta":{"origin":617342,"position":4},"title":"Raya\u2019s BariQ to invest EGP 300 mn in Sixth of October facilities","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"Raya Holding\u2019s recycled plastic producer BariQ aims to invest EGP 300 mn to expand its Sixth of October facilities, Sales Manager Ahmed Nabil told the local press. The company aims to establish new production lines to double its output capacity to 3.2 bn recyclable bottles per year. The company exports\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574080,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/rayas-bariq-receives-fra-approval-for-a-eur-40-mn-green-bond-offering\/","url_meta":{"origin":617342,"position":5},"title":"Raya\u2019s BariQ receives FRA approval for a EUR 40 mn green bond offering","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"DEBT WATCH- BariQ, Raya\u2019s recycling unit, receives FRA approval for a EUR 40 mn green bond offering: The Financial Regulatory Authority (FRA) has greenlit Raya Holdings\u2019 subsidiary BariQ\u2019s EUR 40 mn green bond issuance, unnamed sources told Al Mal. 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