ICEC

Ceramica Venice Expands its Investments with EGP150 million

Engineer Farouk Mustafa -Chairman of Ceramics Venice- said that his company intends to undertake new expansion with investments of 150 million EGP in 2012.

During his attendance of the meeting of the Union of Banks and the Sixth of October investors association, Mustafa said that the goal of expansion is the creation of a new plant to increase production capacity and provide hundreds of employment opportunities to participate in solving the problem of unemployment.

During the meeting, Mustafe asked the Major General Ismail Nagdy -President of the Industrial Development Authority- to adopt quick decision regarding facilitating the routine procedures of licensing, which are processed currently by the city’s authority, as this license relates to the approval of drilling in order to deliver logistics services for the new plant.

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