Arab Finance: Company said Sidi Kerir Petrochemicals – Sidipec (SKPC)It did not issue any statements regarding the completion of the merger deal with the Egyptian Company for the Production of Ethylene and its Derivatives – ETHYDCO during next October, according to what was stated. statement The company sent to the Egyptian Stock Exchange.
The company added that it had not been notified that a strategic investor had completed the acquisition of a share in the capital of ETHYDCO through the partial exit of some of its shareholders.
It also confirmed that it had not received any updates regarding the completion of the company's acquisition of the Egyptian Company for the Production of Ethylene and Its Derivatives (ETHEDCO).
Sidi Kerir Company is the first integrated step in the petrochemical industry in Egypt. It always seeks to participate in achieving national goals such as producing value-added products using available raw materials, as well as developing local industries that rely on those products. The company produces polyethylene (high-density and low-density linear ) Using ethylene, which is produced by processing ethane/propane gases – coming from the Western Desert Gas Complex, “GASCO Company” – within the framework of the best production technologies based on energy saving and environmental friendliness. “Egyptene” is the trademark of the company’s products and is considered one of the best known products in Manufacture of polyethylene locally and internationally. The company also produces intermediate products such as butane and butane.
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