Arab Finance: The United Gathering Company, affiliated to the Holding Company, is looking to invest about 10 million dollars to create a new masterpiece in Helwan, according to Habi newspaper.
The newborn will be devoted to the plots that serve the industries of gold and cement mining, and it is expected that it will add 40 thousand tons to the total production capacity of the company to reach 70 thousand tons annually.
The company is also looking for the American market to expand its exports, with plans to direct 83% of production towards export, and the company believes that the customs tariffs approved by US President Donald Trump on imports from competing markets such as China, India and Thailand give a major competitive advantage to Egyptian products.
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