{"id":629257,"date":"2018-05-27T03:53:38","date_gmt":"2018-05-27T03:53:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/"},"modified":"2018-05-27T03:53:38","modified_gmt":"2018-05-27T03:53:38","slug":"indias-dhunseri-to-invest-usd-225-mn-in-eipet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/","title":{"rendered":"India\u2019s Dhunseri to invest USD 225 mn in EIPET:"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>INVESTMENT WATCH- India\u2019s Dhunseri to invest USD 225 mn in EIPET:<\/strong> India\u2019s <a href=\"http:\/\/aspetindia.com\/about-us\/who-we-are\/\">Dhunseri Petrochem<\/a> is looking to invest USD 225 mn in its <a href=\"https:\/\/eipet.com\">Egyptian Indian Polyester Company<\/a> (EIPET), company officials <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/indl-goods\/svs\/petrochem\/dhunseri-looks-for-a-partner-for-egypt-venture\/articleshow\/64330545.cms\">tell India\u2019s Economic Times<\/a>. \u201cGoing forward, we plan to infuse money into the plant after examining the fund requirement. We plan to start operating one production line from August 2018 with an installed capacity of 300k tonnes per annum,\u201d they added. The firm says it is investing again thanks to crude prices shoring up. The company anticipates turnover from the project to reach USD 500 mn.<\/p>\n<p><strong>Dhunseri wants equity partner at EIPET, pays down debt, wants to buy-out Enppi\u2019s share: <\/strong>Dhunseri is also looking to \u201crope a strategic partner for the Egyptian firm,\u201d Dhunseri Group Chairman Chandra Kumar Dhanuka said. The firm bought out the the Egyptian Petrochemicals Holding Company (ECHEM)\u2019s 23% share in EIPET <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/22\/indias-dhunseri-buys-echems-stake-in-egypt-joint-venture\/\">last week<\/a> and is also looking to acquire state energy firm Enppi\u2019s shares in EIPET. Dhunseri said on Friday said it has paid back some USD 87 mn EIPET owed banks including CIB, Ahli United Bank and the International Finance Corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- India\u2019s Dhunseri to invest USD 225 mn in EIPET: India\u2019s Dhunseri Petrochem is looking to invest USD 225 mn in its Egyptian Indian Polyester Company (EIPET), company officials tell India\u2019s Economic Times. \u201cGoing forward, we plan to infuse money into the plant after examining the fund requirement. We plan to start operating one [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629257","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e84bfd07-7299-4299-b919-de969743eb96","order":"0","is_powered_by":true,"section_story_id":"703cb93d-adb7-4481-873e-eb61221ef575","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629243],"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>India\u2019s Dhunseri to invest USD 225 mn in EIPET: - 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\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Dhunseri to invest USD 225 mn in EIPET:\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- India\u2019s Dhunseri to invest USD 225 mn in EIPET: India\u2019s Dhunseri Petrochem is looking to invest USD 225 mn in its Egyptian Indian Polyester Company (EIPET), company officials tell India\u2019s Economic Times. \u201cGoing forward, we plan to infuse money into the plant after examining the fund requirement. We plan to start operating one [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-27T03:53:38+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"India\u2019s Dhunseri to invest USD 225 mn in EIPET:\",\"datePublished\":\"2018-05-27T03:53:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/indias-dhunseri-to-invest-usd-225-mn-in-eipet\/\",\"name\":\"India\u2019s Dhunseri to invest USD 225 mn in EIPET: - 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Dhunseri will buy ECHEM\u2019s 23% stake in EIPET in seven installments over the\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":593426,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/indias-tci-sanmar-chemicals-to-invest-usd-200-mn-in-egypt-next-year\/","url_meta":{"origin":629257,"position":2},"title":"India\u2019s TCI Sanmar Chemicals to invest USD 200 mn in Egypt next year","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"INVESTMENT WATCH- TCI Sanmar to invest USD 200 mn in Egypt next year: India\u2019s TCI Sanmar Chemicals is planning to invest USD 200 mn in Egypt in 2020, Chairman PS Jayaraman told the local press. Jayaraman did not provide details on what the investments will be used for. Sanmar, which\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":596392,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/egypt-signs-usd-500-mn-agreement-with-indias-lulu-hypermarket\/","url_meta":{"origin":629257,"position":3},"title":"Egypt signs USD 500 mn agreement with India\u2019s LuLu Hypermarket","author":"enterpriseam admin","date":"27 August 2019","format":false,"excerpt":"INVESTMENT WATCH- Egypt signed a USD 500 mn agreement with India\u2019s LuLu Hypermarket on Monday for four new retail outlets in Sixth of October City, New Cairo, and Obour City, the cabinet said in a statement. The company is also planning to build two logistics centers from which it will\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":648175,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/tci-sanmar-considers-usd-300-mn-investment\/","url_meta":{"origin":629257,"position":4},"title":"TCI Sanmar considers USD 300 mn investment","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"INVESTMENT WATCH- India\u2019s TCI Sanmar Chemicals has plans to increase as much as USD 300 mn in Egypt, bringing its total invested here to USD 1.5 bn, Chairman PS Jayaraman told Investment Minister Sahar Nasr, according to Al Masry Al Youm. The company says it wants to increase its caustic\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":573339,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/the-way-to-a-foreign-investors-pocket-book-is-through-their-stomach\/","url_meta":{"origin":629257,"position":5},"title":"The way to a foreign investor\u2019s pocket book is through their stomach","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"INVESTMENT WATCH- The way to a foreign investor\u2019s pocket book is through their stomach. Ours is a consumer-led economy, and Egyptian consumers love food above all else. 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