{"id":593297,"date":"2019-11-24T04:12:24","date_gmt":"2019-11-24T04:12:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/"},"modified":"2019-11-24T04:12:24","modified_gmt":"2019-11-24T04:12:24","slug":"raya-trade-to-launch-washing-machine-production-line-in-1q2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/","title":{"rendered":"Raya Trade to launch washing machine production line in 1Q2020"},"content":{"rendered":"<p>Raya Holding subsidiary Raya Trade is launching a washing machine production line at an unnamed local company\u2019s factor in 1Q2020, <a href=\"https:\/\/almalnews.com\/%d8%b1%d8%a7%d9%8a%d8%a9-%d9%84%d9%84%d8%aa%d9%88%d8%b2%d9%8a%d8%b9-%d8%aa%d8%a8%d8%af%d8%a3-%d8%a5%d9%86%d8%aa%d8%a7%d8%ac-%d8%ba%d8%b3%d8%a7%d9%84%d8%a7%d8%aa-%d8%b3%d8%a7%d9%85%d8%b3\/\">Al Mal reports<\/a>. The production line will see machines manufactured under the Samsung trademark in accordance with a EUR 4 mn agreement, and will source 60% of its components locally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding subsidiary Raya Trade is launching a washing machine production line at an unnamed local company\u2019s factor in 1Q2020, Al Mal reports. The production line will see machines manufactured under the Samsung trademark in accordance with a EUR 4 mn agreement, and will source 60% of its components locally.<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,125,131,4238,577,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593297","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-raya-trade","tag-samsung","tag-trade","wpautop","entry"],"acf":{"mongo_id":"aa89ca33-60b0-4561-87b2-106cf8c6727e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[593268],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raya Trade to launch washing machine production line in 1Q2020 - 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\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Trade to launch washing machine production line in 1Q2020\" \/>\n<meta property=\"og:description\" content=\"Raya Holding subsidiary Raya Trade is launching a washing machine production line at an unnamed local company\u2019s factor in 1Q2020, Al Mal reports. The production line will see machines manufactured under the Samsung trademark in accordance with a EUR 4 mn agreement, and will source 60% of its components locally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-24T04:12:24+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya Trade to launch washing machine production line in 1Q2020\",\"datePublished\":\"2019-11-24T04:12:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\"},\"wordCount\":59,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Manufacturing\",\"Raya Trade\",\"Samsung\",\"trade\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/\",\"name\":\"Raya Trade to launch washing machine production line in 1Q2020 - 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There was no mention of the project\u2019s timeline or annual capacity. The company is also studying a separate EGP 300\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":622978,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/raya-samsung-mull-egp-300-mn-washing-machine-plant\/","url_meta":{"origin":593297,"position":1},"title":"Raya, Samsung mull EGP 300 mn washing machine plant","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"A subsidiary of Raya Holding is studying a EGP 300 mn investment in a plant that would manufacture washing machines in partnership with Samsung, CEO Medhat Khalil tells Al Mal. Construction would begin within a year. Raya and Samsung had signed a separate USD 3.5 mn agreement earlier this year\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":634106,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/","url_meta":{"origin":593297,"position":2},"title":"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines","author":"enterpriseam admin","date":"4 January 2018","format":false,"excerpt":"A subsidiary of Raya Holding signed a partnership agreement with Samsung to manufacture top-loading washing machines, according to a bourse disclosure. The agreement involves an USD 3.5 mn investment and entails producing a preliminary 40k washing machines in 2018. Raya says the partnership with Samsung will contribute to expanding its\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":591522,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/raya-holding-to-invest-egp-1-bn-in-home-appliance-production-lines\/","url_meta":{"origin":593297,"position":3},"title":"Raya Holding to invest EGP 1 bn in home appliance production lines","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Raya Holding to invest EGP 1 bn in home appliance production lines: Raya Holding is planning to set up several new home appliance production lines, an investment that could cost as much as EGP 1 bn, Chairman Medhat Khalil tells Al Mal. The group is in talks with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613841,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/22\/raya-auto-to-locally-assemble-chinas-xpeng-evs-within-3-years\/","url_meta":{"origin":593297,"position":4},"title":"Raya Auto to locally assemble China\u2019s XPeng EVs within 3 years","author":"enterpriseam admin","date":"22 January 2024","format":false,"excerpt":"Raya Auto is now China EV manufacturer XPeng\u2019s sole agent in Egypt","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1756.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566060,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/raya-holding-is-back-into-the-green\/","url_meta":{"origin":593297,"position":5},"title":"Raya Holding is back into the green","author":"enterpriseam admin","date":"25 May 2021","format":false,"excerpt":"EARNINGS WATCH- Raya reverses its net loss position in 1Q2021: Raya Holding reported a bottom line of EGP 35.8 mn in 1Q2021, reversing a EGP 68.8 mn net loss incurred in the first quarter of last year, according to its quarterly financials (pdf). 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