Ethydco commences trial operations, expects to begin commercial operations during 3Q2016
According to an article in Al Borsa newspaper, the Egyptian Ethylene and Derivatives Company (Ethydco) has begun the initial phases of its trial operations for its polyethylene plant, while the second and final stage will commence within two months. The article adds that commercial operations are expected to commence during 3Q2016. It is worth noting that Ethydco is 20%-owned by Sidi Kerir Petrochemical Company (Sidpec) [SKPC.CA]. (Al Borsa) Sidi Kerir: EGP12.99 as of 14 April 2016, Rating: Buy, FV: EGP13.54 per share, MCap: USD768 million, SKPC EY / SKPC.CA
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