Chennai, India (PressExposure) April 09, 2013 -- TCI Sanmar Chemicals will establish a plastic park at Port Said, Egypt. The Governorate of Port Said will allot the land for the park.
Besides developing the infrastructure facilities, TCI Sanmar will provide technical and commercial expertise for small and medium enterprises, said a press release.
SMEs can take up suitable area of land in the plastic park to produce downstream products such as PVC pipes, profiles and calendars using PVC as the raw material. The park will have all infrastructure facilities such as developed land, roads, lighting and common waste-treatment facilities, said the release.
P. S. Jayaraman, Chairman, TCI Sanmar Chemicals S.A.E., Port Said, Egypt, had entered into a memorandum of understanding with Osama Saleh, Minister of Investment, Government of Egypt, recently at New Delhi in the presence of Mohamed Morsy, President of the Arab Republic of Egypt.
TCI Sanmar Chemicals is part of the Sanmar Group, which has a presence in chemicals, engineering, metals and shipping. The Sanmar Group has invested $1.3 billion at Port Said and has set up chlor-alkali and PVC facilities.
ABOUT THE SANMAR GROUP
The Sanmar Group embarked on a quest for excellence back in the early seventies. The Group had its beginnings in 1972 in a single business operation. It is now a multinational US $ 1 billion conglomerate headquartered in Chennai, India and has manufacturing facilities in India, the US, Mexico and Egypt. Sanmar is engaged in three key business sectors - Chemicals (including Speciality Chemicals), Engineering (Products and Steel Castings) and Shipping. Strategic forward and backward integration, combined with prudent financial management, has been responsible for the Group's steady progress and the leading position it occupies in different segments. The Group has set the benchmark for global partnerships, the oldest over 35 years, in a range of industry segments which have stood the test of time. In its journey of excellence, Stakeholder prosperity, Integrity and Professional excellence have been the pillars on which Sanmar rests. The Sanmar Group's motto "Where Integrity Meets Excellence" says it all.