Medco Plast to Build New Plastic Plant in Egypt
Posted on : 15 Feb, 2017
Medco Plast – a manufacturer of plastic bottles and packaging products – is building a new plastic factory in 6th of October City in Giza Governorate of Egypt.
The project worth EGP 115 million, is expected to yield production capacity of 25,000 tons a year. Medco plans to export half of this production to African countries and begin production in mid-2017.
Medco has a current annual production capacity of 50,000 tons of plastic – mainly used in carbonated water bottles and packaging products. The firm acquires 70% share in local plastic market and exports 40% output to Arab and north-African companies.
Medco aims to generate sales worth EGP 850 million in 2017 and increase it to EGP 1.2 billion in 2019.
African plastics market will be further assessed at 18th MEAPET on 21-22 February, 2017 in Dubai.
Email Ms. Hafizah at firstname.lastname@example.org or call +65 6346 9218 for details about the event.