Prime Minister Moustafa Madbouly spent last Thursday inaugurating a handful of factories by local and international companies in SCZone’s Sokhna Industrial Zone. Here’s the rundown:

#1- Indian Flex PET launches USD 175 mn PET resin factory: Indian plastic packaging manufacturer Flex PET opened its polyethylene terephthalate resin manufacturing plant with investments of USD 175 mn. The factory will have an annual production capacity of 580 tons of PET resin that is used in the packaging of juices and dairy products.

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#2- China’s Cady inaugurates USD 100 mn textile factory: Chinese textile manufacturer Zhejiang Cady Industry inaugurated its new USD 100 mn textile and ready-made garments factory in the Teda industrial zone in Ain Sokhna. The project will create 4.5k direct and indirect jobs. The plant has an estimated annual production capacity of 10k tons of fabric and should make some USD 35 mn in annual sales.

What's next: The company is currently implementing an expansion with investments of USD 230 mn, while negotiating with the government for additional expansions to establish new factories.

#3- Ceramica Cleopatra inaugurated the second phase of its factory in the Sokhna Industrial Zone. The new phase, built on 500k sqm with investments of EGP 5 bn (c. USD 98.8 mn), will produce ceramic and porcelain with an annual capacity of 80 mn sqm and create 1.3k jobs.

#4- France’s Air Liquide officially launches EUR 80 mn facility: French multinational Air Liquide officially opened its EUR80 mn medical and industrial gas production factory in the Sokhna Industrial Zone. The factory — which began full-scale operation back in August — specializes in the production of oxygen, nitrogen, and argon with a daily gas output capacity of nearly 1.2k tons.

#5- Saudi’s Beam launches USD 40 mn CBoard-run facility expansion: CBoard, a member of Saudi construction materials manufacturer conglomerate Beam, inaugurated the expansion of a cement board and wall manufacturing facility. The newly inaugurated expansion includes a cement board plant with a price tag of USD 25 mn and a gypsum panels manufacturing facility worth USD 15 mn, bringing total investments in the facility to USD 100 mn. Half of the company’s production is earmarked for export.

#6- India’s Abdos opened its USD 30 mn cosmetics manufacturing plant. The plant has an annual production capacity of 50k tons of shampoos, creams, soaps, and other cosmetics and is expected to create 350 direct and indirect jobs. The project’s second phase is scheduled to go live in June.

#7- Egyptian-German partnership opens USD 19.5 mn sanitary ware factory: AzuraEgypt's sanitary ware manufacturing plant also opened its doors in the Orascom Industrial Zone in Sokhna, with total investments of USD 19.5 mn. The Egyptian-German partnership project spans 70k sqm and will produce 160k pieces annually, creating around 330 jobs.

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