Arab Finance: Company announced Sidi Kerir PetrochemicalsWith the approval of the Board of Directors held on 30/12/2024to approve the estimated budget for next year 2025.
The company explained that it aims to achieve a net profit of 1.644 billion pounds during 2025, compared to 1.91 billion pounds expected to be achieved by the end of 2024.
The company also aims to record revenues worth 16.07 billion pounds during the next year, compared to 13.6 billion pounds expected to be achieved by the end of this year.
The company indicated that it estimated the budget for next year based on the price of the dollar at 55 pounds.
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 depend on those products. The company produces polyethylene (high-density and low-density linear ) Using ethylene, which is produced by processing ethane/propane gases – received from the Western Desert Gas Complex “GASCO Company” – within the framework of the best production technologies based on energy saving and environmental friendliness, “Egyptene” It is the trademark of the company's products and is considered one of the best known products in the polyethylene industry locally and internationally. The company also produces intermediate products such as butane and butene.
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