VOL. XLIV
No 44
29-October-2001
EGYPT
IFC Invests In Egyptian Car Parts Company
The International FinanceCorporation (IFC) announced on 11 October that it had signed an agreement toinvest $3mn in the establishment of an Egyptian automotive parts exporter the$14mn Alexandria Automotive Castings Company (AAC), which will have an annualsingle shift capacity of 18,000 tons of automotive castings to be sold to aleading German automotive brake systems manufacturer.
The IFCs Director of Middle Eastand...
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