“The establishment of the company is the result of successful negotiations with a major customer, who expressed interest in a supply arrangement for our products to its production plants in the Middle East,” board member Frantisek Rezac said in a statement…”We have received a preliminary award letter for long term deliveries to these plants.”Pegas said it planned to build two production lines in Egypt in the medium term with total annual capacity of 45-50 thousand tonnes, with the first going on line in the second half of 2013.
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