Press Release
U.S. Firm Invests 90 Million Egyptian Pounds in Kobusch Packaging Egypt
February 5, 2013
Alexandria
– On February 5, U.S. Ambassador Anne Patterson visited the Borg el Arab plant
of Kobusch Packaging Egypt, a U.S. company specializing in the production of
flexible plastic packaging materials owned by Sun Capital Partners, a private
American investment firm. The Ambassador delivered remarks at a ceremony
celebrating a recent investment of nearly 90 million EGP by the Kobusch
Group.
“Your expansion is a great example of the way the U.S. private sector can
invest, create jobs, and stimulate the Egyptian economy,” Ambassador Patterson
told Kobusch employees at the investment launch ceremony. “This bold step
is just the type of American investment we want to support and encourage.”
This new investment will increase the capacity of Kobusch Packaging
Egypt by almost 50% in Alexandria’s Borg El Arab, adding more than 100
direct and indirect jobs. It will also increase U.S.-Egypt trade in the amount
of 1.5 million U.S. dollars a year through the use of more American products in
the production line.
Through its Sun Capital partners, Kobusch Egypt will also benefit from the
expertise of Sun Capital subsidiaries in the USA and Europe. The exchange
of ideas and expertise among subsidiaries will benefit both parties as each
side learns from the other’s experience.