Modern Shorouk Printing’s Unit Finalizes EGP 142 Mln HSBC Loan Procedures

Shorouk For Modern Printing and Packaging (Modern Shorouk Printing & Packaging) (SMPP.CA) announced on Wednesday that its 99.98% affiliate United Company For Carton Packages has finalized all the procedures of the HSBC’s loan worth EGP 142 million.

HSBC’s loan to United Company For Carton Packages  is to finance 30% of the investment costs of importing production line and putting up factory premises.