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Flex P Films Egypt, a subsidiary of Indian packaging company UFLEX, laid the cornerstone for a polyethylene terephthalate factory in Sokhna, Egypt. The $110 million plant will have a capacity of 30,000 tonnes per month and create over 700 jobs, with phase one starting operations in H1 2024 and phase two by mid-2025.
“We are preparing to conduct a promotional tour in India to attract more Indian investments within SCZone.”investmentmonitor.ai
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