The investments of Egypt’s plastic sector reached around $5 billion, said Hamed Moussa, chairman of Egyptian Plastic Exporters and Manufacturers Association (EPEMA), on Saturday.
Moussa further made his remarks on the sidelines of Egyptian Exhibition of Plastic Exporters and Manufacturers (EGYPLAST) and international trade fair Plastex, which launched under the auspices of the Ministry of Industry and Trade in Cairo on January 18.
Plastex, which is dedicated to the plastic machinery, components, raw materials, and chemicals in Africa, and its sub-event EGYPLAST present products, services, technologies, innovations, trends, and tendencies for trade markets.
They represent an international meeting-place for worldwide suppliers and regional manufacturers.
EGYPLAST is a forum that provides an opportunity for the plastic producers to explore recent technological improvements for a variety of machinery, raw materials, additives, processing and recycling to improve functionality and add value to the companies.
“It (plastic) is one of the most important sectors as it includes about 3,000 factories in all plastic products,” Moussa added.