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Sunday, 27 August 2017

Trade Minister inaugurates new Sadat City factories, announces plans to establish five new industrial zones as manufacturers reveal upcoming plans

Kabil announces plans to established five new industrial zones, inaugurates new factories during Sadat City media tour: The five new zones will be in Badr City, Upper Egypt, Port Said, and Tenth of Ramadan City, according to Al Mal. Sadat City itself is expected to house some 300 factories before year’s end, all of which are expected to come online within a year. Glass manufacturer Sphinx Glass, whose exports to Europe reel in c. USD 10 mn a year, said it has invested USD 200 mn into its Sadat City operations so far.

During the media event, Kabil inaugurated Uniboard’s new EGP 700 mn cardboard factory, according to Al Borsa. The plant, which is set to produce 130k tonnes a year, will primarily service the local market, but should export around 20% of output. Uniboard also announced its intention to request land to build another paper plant in Minya. The minister also officiated the launch of two new production lines at a medical supplies factory, which will be making scrubs and medical uniforms for the local market at a total investment cost of EGP 11 mn, the newspaper adds.

Upcoming industrial projects: Pak-Tec also announced plans to invest EGP 400 mn in a new packaging plant in the Badr industrial area by year’s end, founder Alaa El Sakte tells Al Masry Al Youm. The 8,000 sqm facility will split its production between the local and international market, with a focus on exporting 50% of the 10,000 tonnes it will produce monthly to Europe. Home appliances-maker Electrostar also announced yesterday it would be spending EGP 200 mn on a new production line of refrigerators and freezers, according to AMAY. The line will allow the company to increase its production capacity to 1,500 units a day from a current 1,000 units.

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