Sprea Launches New Line of SNF
EGYPT KUWAIT HOLDING COMPANY – Press Release 1
Press Release
EK Holding Launches New Line of SNF, Ramps Up Production
Cairo, 8 December 2016 – Sprea has launched a new product line of sulfonated naphthalene formaldehyde (SNF), an additive for ready-mix concrete and a major growth driver in the cement industry. The company began producing SNF during the first quarter of 2016 and currently produces around 66 KTons annually with plans to increase production to 88 KTons per year by 1Q2017.
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About EK Holding
Egypt Kuwait Holding Company (EKHO.CA on the Egyptian Exchange and EKHOLDING on the Kuwaiti Exchange) is one of the MENA region’s leading investment companies with a diversified portfolio of investments that spans the region in sectors that include fertilizers and petrochemicals, energy, cement production, insurance, information technology, transport and infrastructure. Established in 1997 by a consortium of prominent Kuwaiti and Egy ptian businessmen including our former Chairman, the late Nasser Al-Kharafi, the company has flourished during the past decade as the countries of the Arab world began to liberalize their economies and open doors for private sector investments in strategic sectors that had once been off limits.
INVESTOR RELATIONS CONTACT For further information, please contact: Haitham M. Abdel Moneim Egypt Kuwait Holding Co. Senior Investor Relations Manager hmoneim@ekholding.com 14 Hassan Mohamed El-Razzaz St. (Previously Nawal St.) Dokki, Giza Tel (Direct): +20 2 333-633-00
Forward-Looking Statements
Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Egypt Kuwait Holding Company (EKH). Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of EKH may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of EKH is subject to risks and uncertainties.