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Middle East Glass Manufacturing launches EGP1m unit

Middle East Glass Manufacturing launches EGP1m unit
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: The board of Middle East Glass Manufacturing Co. (MEGM) approved the establishment of a subsidiary, to be named MEG Egypt Glass SAE, with issued capital reaching EGP 1 million.

MEGM will hold a 99.9% equity in the new subsidiary.

The new company will operate in the distribution and sale of bottles, and may share in other companies carrying out similar activities.