Toyo Engineering Corporation (TEC) announced to have an agreement with Enppi, the Engineering Company of the Egyptian General Petroleum Corporation (EGPC), aiming at a long-term technical alliance between both companies. This responds to Egypt's requirement to implement a national policy targeting a full integration of engineering services, a fruit that has been achieved after intensive negotiation from both parties.
Through this alliance, Enppi intend to enhance its engineering capability through TEC's wealth of experience in the petrochemical and chemicals field as well as it's advanced engineering technology. TEC is expecting Enppi's collaboration in pursuit of business opportunities in Egyptian market and neighboring countries. TEC and Enppi are jointly planning to establish an engineering company in Egypt.
Based on this agreement, TEC's specialist will be dispatched to Enppi office to present an appraisal report and execution plan to enhance its capability for process engineering and project management. TEC will also provide a training service for Enppi's engineer upon request.
TEC is now aggressively promoting its corporate strategy for partnering and alliance with international and domestic partners like this technical alliance with Enppi.
Engineering for Petroleum and Process Industries (ENPPI) is located in Cairo, Egypt and has been in business since 1978, with a paid up capital of 7 US$ and around 1000 employees. Its net sales amount to around 70 US$ in fiscal 2000. Enppi is currently working as an engineering contractor in the oil and gas field as well as other industrial fields.
Mar. 28, 2002