{"id":595573,"date":"2023-08-09T00:00:00","date_gmt":"2023-08-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/"},"modified":"2023-08-09T00:00:00","modified_gmt":"2023-08-09T00:00:00","slug":"midea-launches-washing-machine-factory-in-sczone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/","title":{"rendered":"Midea launches washing machine factory in SCZone"},"content":{"rendered":"

Chinese home appliances giant Midea Group launched its USD 25 mn washing <\/strong> machine factory <\/strong> in China\u2019s TEDA industrial zone in Ain Sokhna, the Suez Canal Economjc Zone (SCZone) said in a statement<\/a> yesterday. The Fortune Global 500 company expects to produce 1.5 mn washing machines each year at the factory, for export to the Middle East, Africa, the EU, and the US.<\/p>\n

BACKGROUND: <\/strong> The company in 2021 broke ground on the factory<\/a>, which was initially slated for completion by the end of 2022. <\/p>\n

Midea has more plans to expand here: <\/strong>The Chinese firm\u2019s local arm was awarded a golden license<\/a> in July to build a USD 105 mn home appliances factory in Sadat City. Meanwhile, local media earlier this week reported that the company is eyeing Swedish appliances<\/a> manufacturer Electrolux Group\u2019s Zanussi brand and factories in Egypt.<\/p>\n

Chinese manufacturers like the SCZOne lately: <\/strong>The SCZone and a number of Chinese companies signed agreements last month<\/a> to establish projects worth a combined USD 60 mn in investment in the TEDA zone, including USD 45 mn worth of textiles projects. The SCZone also signed initial agreements in May<\/a> with Chinese companies for investments of more than USD 700 m in TEDA projects, following an SCZone roadshow to China and Hong Kong<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The factory will produce 1.5 mn washing machines annually<\/p>\n","protected":false},"author":1,"featured_media":595574,"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":[72,2917,131,10809,416,7406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-golden-licenses","tag-manufacturing","tag-midea-group","tag-suez-canal-economic-zone","tag-teda-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"2085490a-cdec-493d-ad96-d934cf075dac","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/418.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Midea launches washing machine factory in Egypt\u2019s SCZone","related_issue":[595566],"teaser":"The factory will produce 1.5 mn washing machines annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.c1291670-ccd4-487b-acb5-128e66af3ae5.mp3"},"yoast_head":"\nMidea launches washing machine factory in SCZone - 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\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midea launches washing machine factory in SCZone\" \/>\n<meta property=\"og:description\" content=\"The factory will produce 1.5 mn washing machines annually\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/418.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\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Midea launches washing machine factory in SCZone\",\"datePublished\":\"2023-08-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\"},\"wordCount\":210,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/418.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"golden licenses\",\"Manufacturing\",\"Midea Group\",\"Suez Canal Economic Zone\",\"TEDA industrial zone\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/\",\"name\":\"Midea launches washing machine factory in SCZone - 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