South Asian Petrochem enters into MOU with Echem

Tuesday, December 26, 2006, 19:06 [IST]

New Delhi, Dec 26 (UNI) South Asian Petrochem Ltd today said it has entered into a memorandum of understanding (MOU) with Egyptian Petrochemicals Holding Company (Echem) to set up a resin Manufacturing plant in Egypt with an outlay of 95 million dollars.

Under the agreement, both the companies will jointly set up a 3,15,000 tonnes per annum (TPA) capacity Polyethylene Terepthalate (PET) resin manufacturing plant in Egypt.

For the purpose of the project, a subsidiary of the company will be incorporated in Egypt, with equity participation from Echem.

UNI SRS DKS RK1830

Other articles published on December 26, 2006

Indian employees to stage half-day hunger strike

Tuesday, December 26, 2006,19:06 [IST]

New Delhi, Dec 26: The Air Corporations Employees' Union (ACEU) today announced a relay hunger strike over the year-end to press for its pending demands.Its regional secretary S D Bhatt said the strike will be held on December 27, 30, 31 and January 1.However, an Indian (Airlines) spokesperson said no flight operations will be affected.''The ACEU has been compelled to go on an agitational programme since the management is not arriving at an amicable settlement on.....

Soldier killed, ten hurt in road accidents in Kashmir

Tuesday, December 26, 2006,19:07 [IST]

Srinagar, Dec 26 (UNI) A soldier was killed and seven others wounded when an Army vehicle skidded off the road and fell into a deep gorge in Leh district today, police said. An Army vehicle of Jammu and Kashmir Light Infantry (JKLI) skidded off the road and fell into a deep gorge while negotiating a sharp curve at Durbak Morh in Leh district. While Hawaldar Jeevan Pal was killed on the spot, seven Army personnel.....

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Public-private partnership in infrastructure devt focussed

Tuesday, December 26, 2006,19:07 [IST]

Mysore, Dec 26 (UNI) Minister of State for Planning M V Rajashekaran today said the draft proposal of the 11th five-year plan gave thrust to public-private partnership (PPP) in infrastructure development of the country. Delivering the keynote address at the 37th national seminar on valuation of all types of assets, he said PPP was most vital for the economical growth of the country and the Union Government, in its efforts to push the PPP system for.....

'Udavum Karangal' hands over 72 houses to tsunami victims

Tuesday, December 26, 2006,19:07 [IST]

Chennai, Dec 26 (UNI) Leading NGO 'Udavum Karangal' today handed over 72 houses to tsunami victims at the Kanathur Angalamman Kuppam in neighbouring Kancheepuram district of Tamil Nadu. The keys of the houses were formally handed over to District Collector Pradeep Yadav at a function held at the village to mark the second anniversary of tsunami that ravaged the coastal districts of the state this day in 2004. Veteran actor Sivakumar unveiled a plaque and Denver.....

Raking up temple issue will not pay: Mulayam

Tuesday, December 26, 2006,19:07 [IST]

Ratlam, MP, Dec 26 (UNI) Claiming that the Bharatiya Janata Party's attempt to rake up the Ram temple issue would not pay electoral dividends, Uttar Pradesh Chief Minister Mulayam Singh Yadav today said that the Samajwadi Party (SP) would return to power after the coming assembly poll. ''The BJP is left sans any issue and that is why it is forced to sing the temple and Hindutva tunes again,'' he told mediapersons this afternoon at the.....