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Korean - Egyptian Company for medicine production equipment to be established
Egypt, Business, 10/1/1999
The establishment of a joint Korean - Egyptian company was decided to manufacture equipment to producing medicine with a capital of 10 million pounds, in which the Egyptian holding company for medicine and two Korean companies are participating.
Galal Ghourab, the head of the Egyptian holding company for medicine, told ArabicNews.com that, "The company's capital aims at manufacturing equipment to produce medicine locally instead of importing it from abroad."
Ghourab added that the new company already owns two factories, the first in 10th of Ramadan City and the second in Asyut City in southern Egypt, in the framework of the Egyptian partners' share of this new company.
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