ArabFInance: Rubex International for Plastic and Acrylic Manufacturing (RUBX) is currently considering the possible financing options for the establishment of three new plants, the company’s chairman Magdy El Taher told Al Mal Newspaper.

The first of these plants will be for the production of plastifiber, while the second plant will be for wood-plastic production, and the third for recycling raw polyester, El Taher revealed.

The company also aims at developing and boosting the efficiency of the reactors at the raw acrylic recycling plant, he added.

Moreover, Rubex seeks expansion through adding a new production line for manufacturing wood-plastic, he said.

In another context, the chairman noted that the company has begun the procedures of splitting the nominal value of the stock to EGP 2.5, instead of EGP 5.

Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing.

The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.