{"id":547167,"date":"2022-06-12T04:10:59","date_gmt":"2022-06-12T04:10:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/"},"modified":"2022-06-12T04:10:59","modified_gmt":"2022-06-12T04:10:59","slug":"sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/","title":{"rendered":"Sumitomo to set up the world\u2019s largest factory for pigtail and wiring harnesses in Egypt"},"content":{"rendered":"

<\/a> Japanese conglomerate Sumitomo has chosen Egypt as<\/strong> the site of its <\/strong>largest <\/strong>ever factory<\/strong>, inking an MoU with the General Authority for Investment and Freezones (GAFI) on Wednesday to set up an industrial complex in Tenth of Ramadan City, according to a cabinet statement<\/a>. The factory will produce pigtail cables used in cars and cable harnesses and is expected to begin operations by the end of 2023.<\/p>\n

The 150k sqm complex will be the largest of its kind in the world<\/strong>, Ahmed Magdy, managing director at Sumitomo Egypt, told Enterprise. The company plans to invest USD 100-150 mn in the project initially, he said.<\/p>\n

A boon for Egyptian exports: <\/strong>All of the company\u2019s products are exported to automakers in the MENA region and Europe, the statement said. The government is aiming to increase the value of e<\/a>xports to USD 100 bn a<\/a>year<\/a> within the next five years in a bid to narrow the trade deficit and improve the balance of payments.<\/p>\n

And new jobs: <\/strong>The factory will double the company\u2019s headcount in Egypt from around 10k currently, according to the statement.<\/p>\n

About Sumitomo Egypt: <\/strong>The Japanese automotive electrical systems manufacturer already has a 10 Ramadan City pigtails cable factory that exports to Europe. It was recognized<\/a> as the top freezone exporter by the Trade Ministry earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Japanese conglomerate Sumitomo has chosen Egypt as the site of its largest ever factory, inking an MoU with the General Authority for Investment and Freezones (GAFI) on Wednesday to set up an industrial complex in Tenth of Ramadan City, according to a cabinet statement. The factory will produce pigtail cables used in cars and cable […]<\/p>\n","protected":false},"author":1,"featured_media":547168,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[144,72,570,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-automotive","tag-enterpriseam","tag-japan","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"cc1bf114-7cbc-4dd3-981d-55f926b15983","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/229.jpg","photo_position":"above","related_issue":[547157],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.c9480fb7-0901-4d36-ab65-09e349673086.mp3"},"yoast_head":"\nSumitomo to set up the world\u2019s largest factory for pigtail and wiring harnesses in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sumitomo to set up the world\u2019s largest factory for pigtail and wiring harnesses in Egypt\" \/>\n<meta property=\"og:description\" content=\"Japanese conglomerate Sumitomo has chosen Egypt as the site of its largest ever factory, inking an MoU with the General Authority for Investment and Freezones (GAFI) on Wednesday to set up an industrial complex in Tenth of Ramadan City, according to a cabinet statement. The factory will produce pigtail cables used in cars and cable […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-12T04:10:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/229.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sumitomo to set up the world\u2019s largest factory for pigtail and wiring harnesses in Egypt\",\"datePublished\":\"2022-06-12T04:10:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\"},\"wordCount\":235,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/229.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"EnterpriseAM\",\"Japan\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/12\/sumitomo-to-set-up-the-worlds-largest-factory-for-pigtail-and-wiring-harnesses-in-egypt\/\",\"name\":\"Sumitomo to set up the world\u2019s largest factory for pigtail and wiring harnesses in Egypt - 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Production will be earmarked for both for the local market and for export to Europe, a cabinet statement said. The factory is slated\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575259,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/your-top-infrastructure-stories-6\/","url_meta":{"origin":547167,"position":1},"title":"Your top infrastructure stories","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"Your top infrastructure stories for the week include: Amazon is considering Egypt as its next hub for the manufacture of its own-brand products including apparel and houseware as well as electronics such as its Kindle readers and Alexa smart speaker.Factories could see their gas bills cut to at least USD\u2026","rel":"","context":"In \"Actis\"","block_context":{"text":"Actis","link":"https:\/\/enterpriseam.com\/egypt\/tag\/actis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549365,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/oppo-set-to-assemble-mobile-phones-in-egypt-as-madbouly-reviews-investment-pledges\/","url_meta":{"origin":547167,"position":2},"title":"Oppo set to assemble mobile phones in Egypt as Madbouly reviews investment pledges","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"All the industrial investment: Chinese mobile maker Oppo has inked an agreement to build a USD 20 mn factory in Egypt. The announcement came the same day Prime Minister Moustafa Madbouly met with nine foreign and local companies to follow up on pledges to invest more than USD 1 bn\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587927,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/sumitomo-electric-breaks-ground-on-pigtails-cable-factory-plus-lighthouse-education-rameda-pharma-new-tourism-figures\/","url_meta":{"origin":547167,"position":3},"title":"Sumitomo Electric breaks ground on pigtails cable factory. 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