New joint venture links Egypt with 3 UAE businesses to found pipe plant
Date
1/13/2020 7:44:27 AM
(MENAFN)
A contract to start a joint venture between three UAE companies and the Holding Company for Water and Wastewater (HCWW) and State-run Egyptian National Organization for Military Production (NOMP) was signed on Sunday.
In the course of the new JV, a plant for manufacturing polyethylene and polypropylene pipes will be found in Egypt.
The Egyptian Ministry of Military Production stated that according to the deal, the new factory will be established for manufacturing plastic pipes and hoses made of polyethylene and polypropylene.
The sale and marketing of these products in Egypt and other nations are also included within the agreement.
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