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Manufacturer of the Month: Prometeon Tyre Egypt
Prometeon has already achieved around 50% local content in its production, and is steadily increasing local sourcing
Hengsheng inaugurates USD 70 mn textile plant in Qantara
PLUS- Turkish Eroglu Garment inaugurated its USD 40 mn ready-made garment plant in Qantara
Gov’t mulls hiking water prices, applying water consumption quotas for factories
Studies for applying consumption caps for different industries are expected to be finalized in 1H 2026
Domty has plans to set up shop in Saudi Arabia
Danish Arla Foods still has Domty on its radar for an acquisition
Ariston inaugurates water heater factory in 6th of October
During its first phase, the plant will have an initial production capacity of 500k units a year
Gov’t hikes industrial land prices up to 250%, stirring backlash from manufacturers
Increases range from 10% to 250% depending on location
Ahmed Ezz calls for rethinking incoming EU steel tariffs in letter to Financial Times
“Protectionism will not resolve Europe’s challenges; co-operation will,” Ezz wrote
Spain’s Hydroo to set up a USD 60 mn water pump factory here?
PLUS- The government is studying a temporary 200-day safeguard tariff on hot-rolled steel imports
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