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| Egypt SC starts production in Ethiopia |
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| Written by Egypt News | |
| Tuesday, 13 October 2009 | |
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Egypt's El Sewedy Cables reported Tuesday that it had started
production at its power cables plant in Addis Ababa, with an annual
capacity of 10,000 tonnes of copper and aluminium.
Total investment for the construction of the plant totaled $36 million, and was 40 percent financed through equity. The remainder was financed through medium-term debt facilities raised in Ethiopia, El Sewedy said in a statement.
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