Vladimír Urbánek (Kurzy.cz)
Czech markets  |  February 08, 2013 09:06:43

Pegasus began reviving production line in Egypt


Pegasus began reviving production line in Egypt, the company announced in a statement. In January, the completed assembly of technology and connecting the plant to the energy transmission system. The project's first foreign expansion continues as planned lines and putting into operation as planned expected in 3Q12. Welcome observance demanding schedule and we expect to launch the line according to plan, but do not expect a significant market response to this message.

We see a slightly positive message, when, despite the problematic situation in Egypt project goes in line with expectations. The new line would be in full operation should be included in the third quarter of this year and add an additional 20,000 tons of the total production. ¨

Josef Novotny

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