Egypt - El Sewedy delays Libya based cable plant - 0 views
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Panos Kotseras on 03 Mar 11Egypt's cable maker El Sewedy will delay the construction of a cable plant in Libya due to the unrest in the North African country. The company had signed an agreement in 2007 with the General Electricity Co. of Libya and the Libyan Economic Development Fund to build the plant in Tripoli, owning 55% of the venture. Investment would amount to US$65M and annual capacity would be 13,600t of cable.