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(2014-09-23) Rubex Plastics looks for land plots in Turkey, Greece
Chairman of Rubex Plastics (RUBX) Magdy El-Taher said that the board of director is persistent on executing the expansion plans despite the negotiation failure with the Industrial development Authority to supply a 50,000 Sq. meter land plot.
The plastics maker's board of director decided to delegate the CEO to visit Turkey and Greece to view available alternatives.
A delegation headed by the chairman has started an inspection visit to China in order to buy the needed production line to execute the expansion plan.