Sunday, 18 August 2013

Toyota among foreign firms in Egypt shutdown - The National

Toyota among foreign firms in Egypt shutdown - The National:

"The German chemical manufacturer BASF and the Japanese car maker Toyota are among a growing group of foreign multinationals to shut down operations in Egypt as the violence escalates, further hampering the country's efforts to stimulate economic growth.

They also joined those companies that have put their staff on alert in Egypt, restricting travel.

One of the world's largest chemical companies, BASF halted production on Thursday. It has a factory in Sadat City that makes construction chemicals. Its 100 staff members also work out of offices in Cairo and Alexandria."

'via Blog this'

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