Back to the complete issue
Sunday, 4 August 2019

China’s Konka Group opens USD 30 mn TV factory in Beni Suef

China’s Konka Group has inaugurated a USD 30 mn LED TV factory in Beni Suef with an annual production capacity of 600k units, Xinhua reported. The company plans to invest USD 70 mn in setting up an industrial park that can expand production to 1 mn units per year. It is expected to become Konka Group's manufacturing base for the Middle East, Africa, Europe and the United States. The manufacturer is planning to invest a total of USD 100 mn in Egypt by the end of next year, and increase the domestic component percentage to 70% from 50% by next year, Vice President Ahmed Abdel Hamid said, according to Amwal Al Ghad.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.