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European companies to build sodium cyanide manufacturing plant in Egypt

A joint venture between Austria-based Petrochemical Holding and Czech-based Draslovka will build a sodium cyanide manufacturing plant in Egypt, according to a press statement issued by the Egyptian Ministry of Trade and Industry.

A delegation headed by Yakov Goldowski, President of Petrochemical Holding and Pavel Brůžek, CEO of Draslovka met the Minister of Trade and Industry Ahmed Samir to review the project, which involves an investment of $160 million in the first phase.

The press statement said the plant will meet local demand and export 80 percent of its production to markets in the Mediterranean Basin, Middle East and Africa.

Link: https://www.zawya.com/en/projects/industry/european-companies-to-build-sodium-cyanide-manufacturing-plant-in-egypt-y1soke2p

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