Egypt Kuwait Holding Company has inaugurated and developed plants in Egypt at a cost of USD 46 million through its company, Sprea.
EKH, listed in the Kuwaiti and Egyptian bourses, said in a press release on Saturday that Sprea Misr opened a plant for producing sulfuric acid, simultaneously with increasing productivity of the other factories and expanding production chains.
The press release quoted Sherif Al-Zayat, Managing Director of Egypt Misr, as saying that the new sulfuric acid plant operates at a productivity capacity of 165,000 tons a year. Up to 80 percent of the output would be shifted to a fertilizers factory in Alexandria — 69 percent stakes of which are owned by the EKH.
Sprea opened six new production chains, including some that produce three million formica boards per annum.
Source: Kuwait News Agency