Egyptian Petrochemicals Company announced that its production value reached EGP 1.7 billion during fiscal year (FY) 2016/2017, Egypt Oil & Gas reports.

The company produced 78,500 tons of polyvinyl chloride,78,200 tons of caustic soda, 12,000 tons of polyvinyl chloride products, and 22,600 tons of hydrochloric acid, according to the Head of Egyptian Petrochemicals Company, Gaber Ahmed. These products, he noted, contributed to the opening of new global export markets.

Streamlining operations and ensuring regular maintenance of equipment, Ahmed noted, permitted the company to increase efficiency and boost production. He added that the company will continue to make efforts to limit energy, spare-parts, and maintenance costs.

The figures were announced during Egyptian Petrochemicals Company’ annual review meeting with the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla.