“IFC's support will help Pasabahce Egypt upgrade its glassware production facility outside Cairo, and introduce efficiencies to cut its natural gas and electricity consumption by more than half,” it added. Pasabahce Egypt is a subsidiary of the Sisecam Group. "Manufacturing companies like Pasabahce Egypt that provide stable jobs are key to ensuring long-term, inclusive economic growth in Egypt." IFC has been increasing its support to Egypt's manufacturing sector, helping improve efficiencies, support innovations, and replenish working capital. Pasabahce Egypt is part of Turkey's Sisecam Group, one of the world's leading glass producers.

Source: Libya Today February 16, 2021 15:33 UTC