 "Sanmar selects Jacobs to build PVC plant in Egypt")
The Chennai-based Sanmar Group has selected the US-based Jacobs Engineering Group to provide engineering and procurement assistance services for its polyvinyl chloride (PVC) expansion project in Egypt.
“The company received a contract to provide detailed engineering and procurement assistance services to TCI Sanmar Chemical SAE (the Egyptian subsidiary of Sanmar) for its polyvinyl chloride plant (PVC-2) expansion project in Port Said, Egypt,” said Jacobs Engineering Group in a press release.
ALSO READ: Imports hurting domestic PVC manufacturing industry: A report
The PVC-2 facility will have manufacturing capacity of 200,000 tonnes per annum (TPA). Upon completion of PVC-2 project, the total PVC production capacity of TCI Sanmar will be increased to 400,000 TPA, strengthening the company’s position as one of the largest PVC producers in the Middle East and North Africa
“We are delighted to continue our relationship with TCI Sanmar. I am confident our global experience in the industry combined with our strong local knowledge can contribute significant value to this strategically important facility,” commented Vinayak Pai, senior vice president, Jacobs.
The project’s schedule includes 18 months of engineering and 21 months for mechanical completion.
ALSO READ: Finolex plans incremental expansion to meet demand for PVC pipes
In fact, Canada’s Fairfax Corporation in April this year agreed to invest $ 300 million into the Sanmar Chemicals Group (Sanmar), through a combination of equity and fixed income securities. A part of this investment will be used to fund the expansion project in Egypt.
ALSO READ: Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals
Once the expansion in Egypt is completed, Sanmar will have a total PVC capacity of over 700,000 TPA, making it among the largest PVC companies in the world. In addition, Sanmar also manufactures caustic soda, chloromethanes, refrigerant gases, industrial salt and speciality chemical intermediates.
“The company received a contract to provide detailed engineering and procurement assistance services to TCI Sanmar Chemical SAE (the Egyptian subsidiary of Sanmar) for its polyvinyl chloride plant (PVC-2) expansion project in Port Said, Egypt,” said Jacobs Engineering Group in a press release.
ALSO READ: Imports hurting domestic PVC manufacturing industry: A report
Also Read
“We are delighted to continue our relationship with TCI Sanmar. I am confident our global experience in the industry combined with our strong local knowledge can contribute significant value to this strategically important facility,” commented Vinayak Pai, senior vice president, Jacobs.
The project’s schedule includes 18 months of engineering and 21 months for mechanical completion.
ALSO READ: Finolex plans incremental expansion to meet demand for PVC pipes
In fact, Canada’s Fairfax Corporation in April this year agreed to invest $ 300 million into the Sanmar Chemicals Group (Sanmar), through a combination of equity and fixed income securities. A part of this investment will be used to fund the expansion project in Egypt.
ALSO READ: Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals
Once the expansion in Egypt is completed, Sanmar will have a total PVC capacity of over 700,000 TPA, making it among the largest PVC companies in the world. In addition, Sanmar also manufactures caustic soda, chloromethanes, refrigerant gases, industrial salt and speciality chemical intermediates.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%