{"id":635907,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/correction-egypts-psc-signs-agreement-with-indias-sanmar-group-to-construct-calcium-chloride-plant\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"correction-egypts-psc-signs-agreement-with-indias-sanmar-group-to-construct-calcium-chloride-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/correction-egypts-psc-signs-agreement-with-indias-sanmar-group-to-construct-calcium-chloride-plant\/","title":{"rendered":"Correction: Egypt\u2019s PSC signs agreement with India\u2019s Sanmar Group to construct calcium chloride plant"},"content":{"rendered":"<p><strong>CORRECTION-<\/strong> We incorrectly reported last week that Egypt\u2019s Project Services Company is investing EGP 40 mn in a calcium chloride plant it will construct with India\u2019s Sanmar Group. PSC Chairman Mohamed El Sebakhy clarified to us that his company is not investing in the project. We also incorrectly spelled Mr. El Sebakhy\u2019s surname. We apologize \u2014 and regret the errors. The entry has been corrected on our website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- We incorrectly reported last week that Egypt\u2019s Project Services Company is investing EGP 40 mn in a calcium chloride plant it will construct with India\u2019s Sanmar Group. PSC Chairman Mohamed El Sebakhy clarified to us that his company is not investing in the project. We also incorrectly spelled Mr. El Sebakhy\u2019s surname. We apologize [&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-635907","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3fd27686-5c81-4008-8219-c7dbcefadcc9","order":"0","is_powered_by":true,"section_story_id":"8ab8e8ca-01d1-4376-95ce-6c178c3ea6fb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"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>Correction: Egypt\u2019s PSC signs agreement with India\u2019s Sanmar Group to construct calcium chloride plant - 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\/2017\/12\/17\/correction-egypts-psc-signs-agreement-with-indias-sanmar-group-to-construct-calcium-chloride-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction: Egypt\u2019s PSC signs agreement with India\u2019s Sanmar Group to construct calcium chloride plant\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- We incorrectly reported last week that Egypt\u2019s Project Services Company is investing EGP 40 mn in a calcium chloride plant it will construct with India\u2019s Sanmar Group. PSC Chairman Mohamed El Sebakhy clarified to us that his company is not investing in the project. We also incorrectly spelled Mr. El Sebakhy\u2019s surname. 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The investment will likely go towards expanding its production capacity of polyvinyl chloride and calcium chloride,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578431,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/tci-sanmar-to-invest-at-least-usd-160-mn-in-new-loading-terminal-in-egypt\/","url_meta":{"origin":635907,"position":1},"title":"TCI Sanmar to invest at least USD 160 mn in new loading terminal in Egypt","author":"enterpriseam admin","date":"28 December 2022","format":false,"excerpt":"Indian industrial chemical manufacturer TCI Sanmar plans to invest an initial USD 160 mn to set up a loading terminal near Port Said to import ethylene, a source close to the matter told Enterprise, confirming a report from Zawya. The terminal, which will be financed both through bank loans and\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\/2022\/12\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","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":635907,"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":648175,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/tci-sanmar-considers-usd-300-mn-investment\/","url_meta":{"origin":635907,"position":3},"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":549814,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/in-a-market-first-tci-sanmar-issues-bonds-to-restructure-15-of-its-debt\/","url_meta":{"origin":635907,"position":4},"title":"In a market first, TCI Sanmar issues bonds to restructure 15% of its debt","author":"enterpriseam admin","date":"2 October 2022","format":false,"excerpt":"TCI Sanmar issued bonds worth USD 117.7 mn in a private placement with nine foreign banks, according to a statement (pdf) from its legal counsel on the transaction, Matouk Bassiouny & Hennawy. The industrial chemicals maker issued the bonds by converting 15% of its debt into non-convertible debentures (NCDs), marking\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642081,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/ncic-taps-indias-nuberg-for-eur-15-mn-hydrogen-peroxide-project\/","url_meta":{"origin":635907,"position":5},"title":"NCIC taps India\u2019s Nuberg for EUR 15 mn hydrogen peroxide project","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"El Nasr Co. for Intermediate Chemicals (NCIC) awarded India\u2019s Nuberg a EUR 15 mn turnkey project to manufacture hydrogen peroxide in a Giza facility. The plant will produce at a capacity of 70 tonnes per day. 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