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Article: EGYPT - Oriental Petrochemicals Co.
- Article from:
- APS Review Downstream Trends
- Article date:
- January 14, 2008
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Formed in early 1996, OPC has Egypt's first PP plant in a new 10m sq metre free industrial zone developed by the private sector just south of Suez city. The plant went on stream in June 2001 at 180,000 t/y and was later expanded to 360,000 t/y. Textile magnate Mohammed Faris Khamis is the man behind OPC. The main OPC shareholders are Khamis' Oriental Weavers Group and Misr American Carpet Mills. Enppi holds 20%. Other partners include the Arab Int'l Investment Co., an Egypt-based entity owned largely by Libyan interests.
Oriental Weavers Group (OWG), Egypt's leading carpet producer headed by Khamis, has a polyester plant alongside the PP facility. The plant has a ...