ElSewedy for Plastic Industry (Egyplast), a c100%-owned subsidiary of Elsewedy Electric (SWDY.CA), plans on investing EGP15 million to add two production lines, one for plastic raw materials and the other for electric cable fibers. The investment will be directed both locally and to a growing export base as the company seeks to expand to Eastern and Western Africa in order to compensate for the lost export markets (i.e. Libya, Syria, Iraq and Yemen), according to the company’s marketing and development manager, Mohamed Sayed. (Al Borsa)   Elsewedy Electric: EGP29.35 as of 17 January 2016, Rating: Buy, FV: EGP62.50 per share, MCap: USD837 million, SWDY EY / SWDY.CA