Alex Apparels to set up USD 100 mn factory: Alexandria-based ready-made garments manufacturer Alex Apparels plans to build a USD 100 mn weaving and dyeing factory in the Alexandria freezone, according to an Investment Ministry statement. The plant will have a production capacity of 70 tons per day, with the first batch of ready-made garments expected to hit the market by 2026.

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Another two factories in the works: The apparel manufacturer also plans to set up two ready-made garments factories in Alexandria’s freezone, set to kick off operations next year.

The company is a big apparel exporter: Alex Apparels — a subsidiary of the global textile and clothing manufacturer Alpine Group — has been Egypt’s biggest exporter of ready-made garments to the US for 17 years. The company currently has an annual production capacity of 14.4 mn pieces.

ALSO FROM ALEXANDRIA FREEZONE- The world’s first fully recyclable razor: Razor manufacturer LordInternational is gearing up to introduce the first 100% recyclable disposable razor in the world. The product is expected to go live in 4Q 2024 and will be sold locally and abroad, according to the statement. The company also plans to come out with more grooming and care products for men.

Lord’s other expansion plans: The company is currently building two additional production lines with investments of EUR 15 mn, which will add 2.4 mn razors per month to the company’s current output of 1 bn razors annually.

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