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Sanmar Group plans to expand factory in Egypt

  • Egypt: Tuesday, October 02 - 2012 at 01:26

Egypt's investment ministry has announced India-based Sanmar Group plans to spend $200m to expand its polyvinyl chloride (PVC) factory in Port Said's industrial zone, India Times has reported. "We shall witness remarkable development in the economic relations between Egypt and India," Egyptian investment minister, Osama Saleh, said, adding that the Sanmar Group is the largest corporate investor in Egypt, with its investments totalling $1bn. The Chennai-headquartered group has 23 factories in India, in addition to investment projects in different countries, including Egypt, the US and Mexico.

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