A busy day for manufacturing news: The last 24 hours saw an influx of announcements and reports in the manufacturing sphere, between high-level meetings, fresh projects, and expansions to already-existing projects.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

#1- Hearing out Turkish players: Industry Minister Kamel El Wazir met with representatives from nine Turkish companies operating in the local market in the textile, ready-made garments, packaging, and home appliances sectors to discuss their potential expansion plans and challenges, according to a statement from the Industry Ministry.

To sweeten the pot: Companies looking to set up their own solar plants to power their factories can do so without the need for any approvals from the government, El Wazir said.

#2- Turkey’s Kipas Textiles was said by the domestic press to be planning an EGP 1 bn investment to set up its second fabric factory here, expected to go live before the end of the year. A company spokeswoman later told EnterpriseAM that “that there is no new investment set to be launched by the end of the year.”

#3- A local-foreign consortium mulls establishing EGP 200 mn leather industrial complex: A consortium of Egyptian, Turkish, and Chinese investors led by homegrown leather manufacturer Fabrica is looking into setting up a EGP 200 mn industrial complex for leather products, Fabrica Chairman Mohamed Mahran told Al Borsa. The three partners will hold equal stakes of 33.3% each in the complex, which will focus on export. Construction, facilities preparation, and production lines installation are scheduled to begin next year.

Where things stand: The consortium is currently in talks with the government to secure a land plot in one of the country’s economic zones as it looks to capitalize on tax and customs incentives.

#4- Cairo Foods’ Sadat City factory to undergo USD 5 mn expansion: Snackmaker Cairo Foods for Food Industries plans to invest USD 5 mn adding four production lines to its Sadat City factory, VP Ahmed Rabie told Al Mal. The expansion will allow the company to increase its production capacity of chips to 1.5k tons from 550 tons at the moment.

Also in the pipeline: The company, which exports 80% of its output, is looking to step into new markets over the coming period — including Morocco, Tunisia, Italy, Canada, and Switzerland.

Editor’s note: This story was edited on 12 February 2025 to reflect comment from a Kipas Textiles spokesperson.

Tags: