EKH spends $46m on plants in Egypt

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KUWAIT CITY, July 15: 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. (KUNA)

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