Tuesday, April 07, 2009

Chennai-based Sanmar group defies downturn; bags US$868 mln financing for Egypt venture

Sanmar group, Chennai (India)-based diversified chemical company, recently bagged a US$868 mln financing defying the economic downturn for its Egyptian venture TCI Sanmar Chemicals LLC. The new plant expected to be operational by start of 2010 is said to have facilities at Port Said, Egypt and is likely to bolster the company's PVC capacity making it amongst the top 10 PVC makers in the world.

For more details on Chennai-based Sanmar group defies downturn; bags US$868 mln financing for Egypt venture click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: