Sumitomo to set up EGP 1 bn factory to make and export wiring harnesses

Japanese manufacturer Sumitomo Wiring Systems is planning to set up a EGP 1 bn factory in Tenth of Ramadan City to manufacture pigtail cables used in cars. Production will be earmarked for both for the local market and for export to Europe, a cabinet statement said. The factory is slated to come online in December, Sumitomo Egypt’s managing director Ahmed Magdy said in a meeting with GAFI CEO Mohamed Abdel Wahab.