CONSTRUCTION FOR INDIAN-EGYPTIAN PET PLANT UNDERWAY
July 1st, 2011
BY DAVE YIN
FOLLOWING months of delays due to civil unrest, construction is in full swing for Egypt's first polyethylene terephthalate (PET) plant, one that is expected to bolster Egypt's economy by satisfying indigenous demand, as well as supplying exports.
Joint venture Egyptian Indian Polyester (EIPET) saw its foundation stone laid June 23 in Ain Sokhna, in Egypt's northern Red Sea region, Nitin Puranik, managing director and chief executive officer of the new company told European Plastics News.
Set to begin production in December 2012, the facility will ...
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