Cairo – Mubasher: Paint and Chemicals Industries (PACHIN) denied the news circulating regarding the establishment of two new production lines.
Previous news reports claimed that Pachin plans to inject investments worth EGP 25 million in 2017, through adding two new production lines with 6,000 annual production capacity.
Pachin noted that it will establish resins’ production line, but not new production line.
The company reported an increase of 14.49% to EGP 20.22 million in net profits for the first quarter of the fiscal year 2016/17.
