Jushi begins work on fourth phase of Sokhna fiberglass factory

China’s Jushi has begun work on the fourth phase of its fiberglass factory in Ain Sokhna, Trade and Industry Minister Tarek Kabil announced yesterday, Al Masry Al Youm reports. The USD 60 mn expansion should be complete and online within the next few months, adding raw material processing and packaging to the USD 520 mn plant’s production capabilities. Jushi’s plant produces 200k tonnes of fiberglass per annum and exports 99% of output, said Kabil, explaining that it helped Egypt become the world’s third largest producer of fiberglass last year. Jushi is also expecting to sign a contract with the National Research Institute at the end of the month, under which it would establish a joint research facility dedicated the development of the fibreglass industry.