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Egypt’s EIPET plant shut but plans to return to market soon

by ChemOrbis Editorial Team -
  • 18/08/2016 (17:34)
A source from Egypt’s local producer Egyptian Indian Polyester Company, EIPET declared that their plant remains shut; however, they are still trying to solve their issues and return to the market soon.

The source commented, “We are following the global PET market carefully and we are cognizant of the parity problems which are hampering the market in Egypt nowadays.” Currency issues and a dollar scarcity have made importing problematic in Egypt in recent months keeping many buyers focused on procuring their needs from the local market.
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