{"id":619385,"date":"2024-05-01T00:00:00","date_gmt":"2024-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/01\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground-plus-a-thai-usd-20-mn-sportswear-factory-in-the-works-egp-100-mn-home-appliances-factory-for-egypts-tredco\/"},"modified":"2024-05-01T00:00:00","modified_gmt":"2024-05-01T00:00:00","slug":"chinese-usd-146-mn-iron-pipes-factory-breaks-ground-plus-a-thai-usd-20-mn-sportswear-factory-in-the-works-egp-100-mn-home-appliances-factory-for-egypts-tredco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/01\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground-plus-a-thai-usd-20-mn-sportswear-factory-in-the-works-egp-100-mn-home-appliances-factory-for-egypts-tredco\/","title":{"rendered":"Chinese USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt\u2019s Tredco"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A bout of fresh investments into our industrial zones: <\/strong>In familiar news to regular readers of Enterprise, another Chinese big ticket manufacturing project is in the works. While in not too familiar \u2014 and very encouraging \u2014 news, a Thai company looks set to become the first from the country to set up an industrial project in the country. And for good measure, a new home appliances factory from Egypt\u2019s Tredco could also be in the cards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Construction of a USD 146 mn iron pipes factory has kicked off in TEDA:&nbsp;<\/strong>China\u2019s state-owned <a target=\"_blank\" href=\"https:\/\/www.xinxing-pipes.com\/en\/\" style=\"\" rel=\"noopener\">Xinxing Ductile Iron Pipes Company<\/a> has begun construction on a USD 146 mn ductile iron pipe factory in the TEDA industrial park, according to an SCZone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02A5JaitTdJ56nbiMz6QqSHu8UqAuKsPkeY6MyYq2Lq1FZQVngeTifiUmQWgMoPqPPl\" style=\"\" rel=\"noopener\">statement<\/a>. The project will manufacture 250k tonnes of cast iron pipes per year with an annual production value of USD 1.2 bn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The Chinese company inked an agreement with the SCZone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a760dc2b-4840-4b9e-827c-b6cff5009778\/\" style=\"\" rel=\"noopener\">in March<\/a> granting it the right to build the iron pipes factory on the 270k sqm plot of land. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Thai investors will set up a USD 20 mn sportswear factory in the SCZone:<\/strong> Thai ready-made clothing giant Hi-Tech Apparel has signed an agreement with the SCZone for the land to build a USD 20 mn sportswear factory in Qantara West above Ismailia, marking the first Thai industrial project in the country, according to an SCZone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0uKRZgabsfTFqqyHKAXQuxP9XvBKeRGmhkeAnFDFNnZaTrfcBn18tRcu9zSMjMHvPl\" style=\"\" rel=\"noopener\">statement<\/a>. The project is expected to break ground in 2H 2024, kick off in 2H 2025, and create 1.5k jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hi-Tech?<\/strong> The company operates ten factories across Thailand, Vietnam, Cambodia, and Laos, and manufactures sportswear for companies including US legacy brand Nike. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Tredco wants to build a EGP 100 mn factory in the Tenth of Ramadan Industrial Zone:<\/strong> Egyptian manufacturer Tredco for Engineering Industries is looking to set up a factory to manufacture stoves in the Tenth of Ramadan Industrial Zone with investments of up to EGP 100 mn, the company\u2019s chairman Sherif El Sayad told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/04\/29\/1787511\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The factory will be financed in equal part by the company and government banks. Operations are expected to launch in the first half of next year, with production capacity to hit 60k stoves within the first year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD 20 mn clothing factory will be the first Thai industrial project in Egypt<\/p>\n","protected":false},"author":1,"featured_media":619386,"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":[72,103,125,131,416,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-fdi","tag-investment-watch","tag-manufacturing","tag-suez-canal-economic-zone","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"d37e6527-1e8b-450d-a371-68e38a2907c9","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2250.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese-backed USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt\u2019s Tredco","related_issue":[619380],"teaser":"The USD 20 mn clothing factory will be the first Thai industrial project in Egypt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.cbd2c7bc-426e-4a50-a051-a80417e0cdeb.mp3"},"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>Chinese USD 146 mn iron pipes factory breaks ground. 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