{"id":641954,"date":"2017-08-02T04:07:11","date_gmt":"2017-08-02T04:07:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/"},"modified":"2017-08-02T04:07:11","modified_gmt":"2017-08-02T04:07:11","slug":"eastern-tobacco-invests-eur-15-mn-in-new-production-lines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/","title":{"rendered":"Eastern Tobacco invests EUR 15 mn in new production lines"},"content":{"rendered":"<p>Eastern Tobacco has signed five agreements for new production lines at its plant worth around EUR 15 mn, Chairman Mohamed Haroun <a href=\"http:\/\/www.almalnews.com\/Story\/341839\/14\/%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D8%AF%D8%AE%D8%A7%D9%86-%D8%AA%D8%AA%D8%B9%D8%A7%D9%82%D8%AF-%D8%B9%D9%84%D9%89-5-%D8%AE%D8%B7%D9%88%D8%B7-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-15-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88\">told Al Mal<\/a>. The new lines are set to result in doubling the company\u2019s output and will be received within seven months. Eastern Tobacco has also managed to increase its reserves of manufacturing inputs to last for 16 months, as more banks were willing to provide the company with trade finance since the EGP float, Haroun adds. The company <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/205765_1.pdf\">sent the EGX<\/a> a statement confirming the EUR 15 mn investment mentioned in the Al Mal piece, but denied any plans for a stock split.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eastern Tobacco has signed five agreements for new production lines at its plant worth around EUR 15 mn, Chairman Mohamed Haroun told Al Mal. The new lines are set to result in doubling the company\u2019s output and will be received within seven months. Eastern Tobacco has also managed to increase its reserves of manufacturing inputs [&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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641954","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"41d7d488-6d2c-4446-ad47-e93a96b4dd52","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[641931],"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>Eastern Tobacco invests EUR 15 mn in new production lines - 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\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Tobacco invests EUR 15 mn in new production lines\" \/>\n<meta property=\"og:description\" content=\"Eastern Tobacco has signed five agreements for new production lines at its plant worth around EUR 15 mn, Chairman Mohamed Haroun told Al Mal. The new lines are set to result in doubling the company\u2019s output and will be received within seven months. Eastern Tobacco has also managed to increase its reserves of manufacturing inputs [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-02T04:07:11+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\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eastern Tobacco invests EUR 15 mn in new production lines\",\"datePublished\":\"2017-08-02T04:07:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/eastern-tobacco-invests-eur-15-mn-in-new-production-lines\/\",\"name\":\"Eastern Tobacco invests EUR 15 mn in new production lines - 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Philip Morris had halted paying dues to Eastern Company in USD in return for its production last year. Philip Morris is\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","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":638934,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/eastern-company-indefinitely-puts-off-cigarette-plant-in-borg-el-arab\/","url_meta":{"origin":641954,"position":3},"title":"Eastern Company indefinitely puts off cigarette plant in Borg El Arab","author":"enterpriseam admin","date":"17 October 2017","format":false,"excerpt":"Eastern Company has indefinitely put off plans to build a 110k sqm cigarette manufacturing complex in Borg El Arab, company chairman Mohamed Haroun tells Al Mal. 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