Africa: UAE-based BCI Holding plans to expand its polyurethane (PUR) plant in Egypt. Arab Finance News has reported that the company also intends to establish to new PU plants, in Algeria and Nigeria. For the realisation of these plans, it will partly rely on a US$30.0m financing package from the International Finance Corporation. The PU supplier expects the moves to generate 80 new direct jobs. It said its strategy aims to combat poverty and create jobs by supporting the growth of the private sector in the Middle East and Africa. It added that the new plants will also help strengthen regional integration and technology transfer, and the development of regional supply chains.
