TCI Sanmar Chemicals signs MoU with the Governorate of Port Said, to set up a plastic park in Egypt. Besides developing the infrastructure facilities, TCI Sanmar will provide technical and commercial expertise for small and medium enterprises.
April 2, 2013 (Newswire.com) - TCI Sanmar Chemicals will establish a plastic park at Port Said, Egypt. The Governorate of Port Said will allot the land for the park.
Besides developing the infrastructure facilities, TCI Sanmar will provide technical and commercial expertise for small and medium enterprises, said a press release.
SMEs can take up suitable area of land in the plastic park to produce downstream products such as PVC pipes, profiles and calendars using PVC as the raw material. The park will have all infrastructure facilities such as developed land, roads, lighting and common waste-treatment facilities, said the release.
P. S. Jayaraman, Chairman, TCI Sanmar Chemicals S.A.E., Port Said, Egypt, had entered into a memorandum of understanding with Osama Saleh, Minister of Investment, Government of Egypt, recently at New Delhi in the presence of Mohamed Morsy, President of the Arab Republic of Egypt.
TCI Sanmar Chemicals is part of the Sanmar Group, which has a presence in chemicals, engineering, metals and shipping. The Sanmar Group has invested $1.3 billion at Port Said and has set up chlor-alkali and PVC facilities.
ABOUT THE SANMAR GROUP
The Sanmar Group is a US $1 billion global conglomerate that has presence in key business sectors such as Chemicals (including Speciality Chemicals), Engineering (Products and Steel Castings) and Shipping.The Group has over four decades of experience and expertise in running and managing a large industrial organisation with multiple businesses. Its manufacturing facilities are located in India, the US, Mexico and Egypt.
Chemplast Sanmar Limited, is the flagship company of The Sanmar Group. It is a major manufacturer of PVC resins, chlorochemicals and piping systems. At Chemplast, integration, forward and backward, is the key.Chemplast has set up Zero Liquid Discharge facilities at Mettur, Cuddalore and Karaikal. Chemplast has played a pioneering role through its ingenious choice of feedstock and manufacturing processes, and efficient, eco-friendly practices.
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