Advanced Polymer Company for Sale in 6th of October City, Egypt

Highlights of the business:

- We produce good and pure quality foam with very good physical and mechanical foam properties.

- Clients: approximately 30 - 40.

- Good relationships with chemical suppliers and clients.

- Production has been halted due to the market and economic situation.

Variable density foam 9-45 kg/m3.

We supply blocks, sheets, and rolls of CNC-shaped foam. We also use a tape edge machine to produce mattresses.

Tangible assets:

Foam production machine.

2 carrousel cutting machines.

1 automatic vertical cutting machine.

1 manual vertical cutting machine.

1 peeling, 1 jointing, and 1 beatcode machine.

1 CNC machine.

1 rebonded foam machine.

1 foam crushing (scrap) machine.

Administrative tools (computers - laptops - desks)

300 tons tanks for chemical storage.

Van - forklift - scales.

Tape edge machine automatic.

Tape edge machine semi-automatic.

Packing machine.

Singer machine.

The machines, equipment, and vehicles are valued at EGP 30 million.

The land and building are valued at EGP 30 million.

The total value of the assets is EGP 60 million. However, the complete company and its assets will be given to the buyer for only EGP 50 million.

4,173 sq. meter. area with an administrative building, 2 floors. 8 offices. 4 bathrooms. 1 cafeteria for preparing drinks. The land and building are owned by the company.

The land plot is 4,173 sq. meters, and the administrative building, production facility, and offices occupy about 70% of the land.

Due to the market and economic situation, the facility is not open for business.

5 shareholders in a 50:20:15:10:5 shareholding split.