Minister of Military Production Mohamed Al-Assar, deputy minister Hassan Abdel Mageed, and chairperson of Paints and Chemical Industries Company (Pachin) Mahmoud Abdel Hakim Al-Refaay witnessed the signing of a cooperation protocol between Heliopolis Company for Chemical Industries (owned by the Military Production Ministry) and Pachin. The protocol aims to achieve an integration of financial and human resources for each of the two companies in production, research, development, quality, purchases, sales, and marketing. He added that the economic conditions experienced by Egypt must motivate the need for industrial integration between different economic institutions in the state. He also stressed the need to develop joint products between the two companies and create opportunities for export. He pointed out that the ministry had conducted previous partnerships with the private sector in many projects, which achieved significant economic returns to the state.

Source: Daily News Egypt January 19, 2017 13:24 UTC