---
title: "CAC: Plans to invest USD 150 million to build a pesticide and functional chemicals project in Egypt"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240836334.md"
description: "CAC plans to invest USD 150 million in Egypt to build a pesticide and functional chemicals project, with an expected construction period of 2 years. The funding sources include self-owned funds and bank loans. This project aligns with the \"Belt and Road\" development strategy, aiming to enhance the company's delivery efficiency and service responsiveness in overseas markets, optimize capacity layout, and strengthen core competitiveness and sustainable development capabilities"
datetime: "2025-05-19T11:54:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240836334.md)
  - [en](https://longbridge.com/en/news/240836334.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240836334.md)
---

# CAC: Plans to invest USD 150 million to build a pesticide and functional chemicals project in Egypt

CAC announced that the 18th meeting of the third board of directors reviewed and approved the proposal on external investment for the construction of pesticide and functional chemical projects, agreeing to invest no more than USD 150 million in Egypt using its own and raised funds. The expected construction period is 2 years. The total investment for the project will not exceed USD 150 million, with funding sourced from the company's own funds and bank loans. This project aligns with the national "Belt and Road" development strategy, helps enhance the company's delivery efficiency and service responsiveness in overseas markets, optimizes the company's capacity layout, and promotes the enhancement of the company's core competitiveness and sustainable development capabilities

### Related Stocks

- [301665.CN](https://longbridge.com/en/quote/301665.CN.md)

## Related News & Research

- [INSTANT VIEW-SpaceX files long awaited IPO, creating a fresh AI play](https://longbridge.com/en/news/287124128.md)
- [SanDisk (SNDK) Has Surprised Me. I'm Still Not Buying the Stock Yet](https://longbridge.com/en/news/287177163.md)
- [Why Is Oklo Stock Surging On Wednesday?](https://longbridge.com/en/news/287096677.md)
- [Micron's stock gets a boost. Are Samsung's problems helping?](https://longbridge.com/en/news/287092903.md)
- [Inside The AI Chip Crunch: Intel Pressures PC Makers To Upgrade Fast](https://longbridge.com/en/news/287068550.md)