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Dhunseri Petrochem & Tea to commission Egypt unit this year

07 Feb 2013 Evaluate

Dhunseri Petrochem & Tea plans to commission its downstream petrochemicals facility in Egypt by July this year. The Egyptian project will be operational in two phases out of which first phases will be operational in July this year with the capacity of 215,000 tonnes, while the second phase with similar capacity is expected to be ready around August this year. The company has invested Rs 900 crore to set up the Egypt unit.

The Egypt facility is likely to help the company  cater Africa, Europe and the US market. The project has been already delayed due to the civil unrest in the region followed by a delay in supply of product lines from India. However, the delay has not had any major impact on the project cost.

Dhunseri Petrochem & Tea is the flagship company of the Kolkata based Dhunseri group belonging to Dhanuka family. The company is engaged in cultivation, manufacture and sale of tea with 11 tea gardens (all of them located in and around Assam) and manufacturing of PET resins.

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232.25 1.45 (0.63%)
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