Published on May 31, 2017

India’s largest investor in Egypt’s petrochemical segment has decided to further increase its investments to 1.5billion dollar in Egypt. The petrochemicals giant TCI Sanmar's current investments in Egypt are estimated at USD 1.2 billion in Caustic soda. The company aims at increasing the production of Poly Vinyl Chloride (PVC) from 200,000 metric tonnes to 400,000 metric tonnes with USD 300 millions, which will be the biggest production of PVC in the Middle East, Chairman PS Jayaraman said. TCI Sanmar is one of the biggest producers of petrochemicals in the Middle East, as it exports 50 per cent of its production in Egypt abroad, Jayaraman said during his meeting with Minister of Investment and International Cooperation Sahar Nasr yesterday. The company also is planning to expanding it's investment and producing 135,000 metric tonnes of calcium chloride to raise the total investment to USD 1.5 billion.