Chinese glassware company begins construction of USD 70 mn SCZone factory

China’s Deli Glass Co broke ground on a new USD 70 mn factory for glassware goods in the China-Egypt TEDA trade zone, according to a statement from the Suez Canal Economic Zone (SCZone). The first phase of the factory is expected to kick off operations in 2H 2026.

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Export is the name of the game, with some 80% of the goods produced at the facility earmarked for export. The 120k sqm factory is expected to create 500 direct jobs. The project’s target annual production capacity was not disclosed.

DATA POINT- The SCZone signed investment agreements totalling USD 4.4 bn in the previous fiscal year across 121 projects, according to SCZone Chairman Walid Gamal El Din. Zooming out to the last three years, the zone accumulated agreements for investments totaling USD 8.5 bn over 297 projects.