Egypt’s EPPC planning IPO for capacity expansion
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, one of Egypt’s local PP producers, The Egyptian Propylene & Polypropylene Company (EPPC), is preparing for an initial public offering (IPO) by the first quarter of next year.
Through the IPO, the company is planning to raise about $300 million in order to provide fund for its $1 billion expansion plan in its petrochemical plant.
Accordingly, the company is reportedly aiming to increase its petrochemical production capacity to 600,000 tons/year from its current production capacity of 290,000 tons/year within the next three or four years.
Through the IPO, the company is planning to raise about $300 million in order to provide fund for its $1 billion expansion plan in its petrochemical plant.
Accordingly, the company is reportedly aiming to increase its petrochemical production capacity to 600,000 tons/year from its current production capacity of 290,000 tons/year within the next three or four years.
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