Company considering new investments in Egypt
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The flat glass industry in Egypt is in danger due to rising costs, the foreign currency shortage, and the lack of some production inputs, according to Mohamed Khattab, executive manager and managing director at Sphinx Glass Ltd, and member of the Chamber of Chemical Industries at the Federation of Egyptian Industries (FEI). Khattab said that …
Purchase aims to boost employment opportunities at the company, says IFC
Qalaa Holdings sells Sphinx Glass in line with its framework to abandon “non-core” projects
The company who made the purchase offer remains unidentified.