Skip to main content

Methanex Invests USD $2 Million to Support Decent Youth Employment in Egypt Through Partnership With International Labour Organization

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 23, 2023 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce that its Methanex Egypt office has signed a new five-year partnership with the International Labour Organization (ILO) Cairo Office to support the Decent Jobs for Egypt’s Young People (DJEP) program. Through a USD $2 million donation by Methanex Egypt, the program will create 1,000 jobs, promote entrepreneurship, facilitate job matching and build the capacity of local service providers to help youth in the Damietta region. This unique partnership is a testament to Methanex’s commitment to making a positive impact on people’s lives through its business.

“I’m proud of the ILO’s positive impact on the Damietta community through our donation and am pleased to continue this partnership to support the creation of an additional 1,000 jobs over the next five years,” said Mohamed Shindy, Managing Director of Methanex Egypt. “The new partnership ensures Methanex Egypt’s continued support for Egypt’s Vision 2030 and the UN Sustainable Development Goals by empowering young women and men in their pursuit of better lives and decent work.”

Since 2019, Methanex has partnered with the ILO Cairo Office to support young women and men in their quest for better lives and decent work. The previous four-year DJEP partnership program resulted in over 2,300 training opportunities and the creation of 725 jobs. The new DJEP partnership, spanning from 2023 to 2028, will have an increased focus on women in the labour market, the promotion of green jobs and the inclusion of people with disabilities.

“We are very pleased to continue our strong partnership with Methanex for another five years as part of the Decent Work program supporting youth, especially women in Damietta in cooperation with the Damietta Governorate,” said Eric Oechslin, ILO Cairo Director. “This will support the ILO in implementing its human-centred agenda to develop skills of the young people to be more employable and find decent jobs.”

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the NASDAQ Global Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.

Methanex Media Inquiries
Nina Ng
Manager, Global Communications
+1-604-661-2600 or Toll Free: +1-800-661-8851

Methanex Investor Inquiries
Sarah Herriott
Director, Investor Relations
+1-604-661-2600 or Toll Free: +1-800-661-8851

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.