Cairo – Mubasher: Egyptian Petrochemicals Holding Company (Echem) is set to establish Egypt’s first medium-density fibreboard (MDF) factory with investments of about EUR 210 million, Akhbar El-Yom reported on Wednesday, citing the company’s chairman Saad Helal as saying.

The new plant will have an annual output capacity of about 205,000 cubic metres using nearly 245,000 tonnes of rice straw as a feedstock, Helal added.

Echem has also begun implementing several petrochemical projects with investments of $2 billion.