Indian TCI Sanmar Chemicals intends to pump more than $300 million to expand the company’s production capacity, as well as studying the establishment of a sea dock west of Port Said Port to receive the raw materials needed for the company’s industries, according to a statement released by the Ministry of Investments and Foreign Trade.

This came during a meeting between Minister of Investment and Foreign Trade, Hassan El-Khatib, with PS Jayaraman, Chairman of theIndian TCI Sanmar Chemicals company , to review the company’s current projects in the Egyptian market and its expansion plans in Egypt during the next stage.

The company began Its operations in Egypt in Port Said in 2007. In 2017, it expanded by establishing a second PVC plant and a new facility for calcium chloride granules. TCI Sanmar’s operations in Egypt have grown significantly, with a business volume reaching $1.5 billion.

The minister emphasized the ministry’s commitment to providing comprehensive support for both local and foreign investments in Egypt.

 He noted that the ministry is currently focused on offering further facilitation for investors by streamlining investment procedures and addressing challenges faced by companies operating in the country.