{"id":621227,"date":"2018-11-04T05:08:29","date_gmt":"2018-11-04T05:08:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/ekh-releases-additional-info-on-egp-3-bn-egypt-wood-product-investment\/"},"modified":"2018-11-04T05:08:29","modified_gmt":"2018-11-04T05:08:29","slug":"ekh-releases-additional-info-on-egp-3-bn-egypt-wood-product-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/ekh-releases-additional-info-on-egp-3-bn-egypt-wood-product-investment\/","title":{"rendered":"EKH releases additional info on EGP 3 bn Egypt wood product investment"},"content":{"rendered":"<p><strong>INVESTMENT WATCH- EKH releases additional info on EGP 3 bn wood investment: <\/strong>Egypt Kuwait Holding (EKH) issued a clarification on Thursday on its<a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/05\/ekh-breaks-ground-on-egp-2-1-bn-fiberboard-factory-in-beni-suef\/\">recently announced plans<\/a> to invest in wood production. The company is investing EGP 2 bn in a compressed wood plant in Beni Suef, which will be built over two phases, according to <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9%20%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9%20%D8%A8%D9%8A%D8%A7%D9%86%201-11-2018.pdf\">a bourse statement by EKH (pdf)<\/a>. 50% of the plant would be self-financed, while the other half would be funded through loans, the note read. EKH is planning to invest EGP 1 bn to grow feedstock for the plant and is seeking land on which to grow trees. <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=31102018&id=a70ea61a-8a9a-49b5-bf30-d4b7da39282f\">Local press reports<\/a> citing statements attributed to Chairman Moataz El Alfy at a press conference implied that the project was either moved from Beni Suef to Minya, or that a separate facility was being developed, prompting the company to issue Thursday\u2019s statements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- EKH releases additional info on EGP 3 bn wood investment: Egypt Kuwait Holding (EKH) issued a clarification on Thursday on itsrecently announced plans to invest in wood production. The company is investing EGP 2 bn in a compressed wood plant in Beni Suef, which will be built over two phases, according to a [&hellip;]<\/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":[8572],"tags":[1668,72,125,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621227","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egypt-kuwait-holding","tag-enterpriseam","tag-investment-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8a7884df-f08b-4c44-a3b6-a00148098176","order":"0","is_powered_by":true,"section_story_id":"34503f00-5e70-452d-8efa-b46f3acbb1b6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621212],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EKH releases additional info on EGP 3 bn Egypt wood product investment - 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\/2018\/11\/04\/ekh-releases-additional-info-on-egp-3-bn-egypt-wood-product-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EKH releases additional info on EGP 3 bn Egypt wood product investment\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- EKH releases additional info on EGP 3 bn wood investment: Egypt Kuwait Holding (EKH) issued a clarification on Thursday on itsrecently announced plans to invest in wood production. 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The company had announced its plans to invest a total of EGP 3 bn in wood production back in 2018, including EGP 2\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":558725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/ekh-plans-five-year-usd-500-mn-investment-drive\/","url_meta":{"origin":621227,"position":1},"title":"EKH plans five year, USD 500 mn investment drive","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"Egypt Kuwait Holding (EKH) plans to invest a total of USD 500 mn over the next five years. The investment company \u2014 which is dual-listed on the Egyptian and Kuwaiti stock exchanges \u2014 is looking to deploy USD 100 mn annually starting 2022 across at least six verticals, CEO Sherif\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593137,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/al-madar-back-in-the-running-to-acquire-emisal-salts-stake\/","url_meta":{"origin":621227,"position":2},"title":"Al Madar back in the running to acquire Emisal Salts stake?","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"M&A WATCH- Is Al Madar back in the running to acquire Emisal Salts stake? 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NBE, the largest shareholder in Emisal, will sell\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":624320,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/ekh-breaks-ground-on-egp-2-1-bn-fiberboard-factory-in-beni-suef\/","url_meta":{"origin":621227,"position":4},"title":"EKH breaks ground on EGP 2.1 bn fiberboard factory in Beni Suef","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"INVESTMENT WATCH- EKH breaks ground on EGP 2.1 bn fiberboard factory in Beni Suef: Egypt Kuwait Holding (EKH) has begun constructing a EGP 2.1 bn medium-density fiberboard (MDF) factory in Beni Suef, the company said in a statement to the EGX (pdf). 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