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Article: INDIA'S SANMAR GROUP TO ACQUIRE CHEMICAL BUSINESS IN EGYPT.
- Article from:
- AsiaPulse News
- Article date:
- November 17, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MUMBAI, Nov 17 Asia Pulse - Sanmar Group has entered into an agreement to acquire the chemical business of Trust Chemical Industries at Port Said, Egypt, for about US $200 million.
The business belonging to Trust Chemical Industries has a caustic soda plant with a capacity of 200,000 tonnes per annum, which commenced operations a little over a year ago, Chemplast Sanmar informed the Bombay Stock Exchange.
On completing the acquisition, the Sanmar Group would evaluate the possibility of manufacturing of further products at Port Said, using the available chlorine, which would however, call for significant capital investments, it added.
The group ...
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Article: INDIAN NEWSPAPER HIGHLIGHTS - NOV 17, 2006.
AsiaPulse News;
November 17, 2006 ;
700+ words
... ... entire chemicals business of Egyptian company Trust Chemicals Industries for US $200 million. Sanmar Group has signed an agreement with Trust Chemical Industries, which owns a caustic soda plant with a capacity of 2,00,000 tonnes a year at ...
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