{"id":634106,"date":"2018-01-04T04:05:14","date_gmt":"2018-01-04T04:05:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/"},"modified":"2018-01-04T04:05:14","modified_gmt":"2018-01-04T04:05:14","slug":"raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/","title":{"rendered":"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines"},"content":{"rendered":"

A subsidiary of Raya Holding signed a partnership agreement with Samsung to manufacture top-loading washing machines, according to a bourse disclosure<\/a>. 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 market share.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 market share.<\/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":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634106","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"2f5f41e5-9a08-4d77-9857-1c7780441d34","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines","related_issue":[634080],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.685f2730-7bc9-46bf-bd7b-0cc805b012b2.mp3"},"yoast_head":"\nRaya signs USD 3.5 mn agreement with Samsung to manufacture washing machines - 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\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines\" \/>\n<meta property=\"og:description\" content=\"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 market share.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-04T04:05:14+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\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines\",\"datePublished\":\"2018-01-04T04:05:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\"},\"wordCount\":61,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/raya-signs-usd-3-5-mn-agreement-with-samsung-to-manufacture-washing-machines\/\",\"name\":\"Raya signs USD 3.5 mn agreement with Samsung to manufacture washing machines - 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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 "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":622078,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/raya-to-begin-manufacturing-air-conditioners-in-usd-4-mn-factory-in-egypt\/","url_meta":{"origin":634106,"position":1},"title":"Raya to begin manufacturing air conditioners in USD 4 mn factory in Egypt","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"Home appliance distributor Raya Trade is mulling between Sadat City and 6 October for the location of their USD 4 mn air conditioner factory, CEO Bassem Megahed tells Al Mal. 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 "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":593297,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/raya-trade-to-launch-washing-machine-production-line-in-1q2020\/","url_meta":{"origin":634106,"position":2},"title":"Raya Trade to launch washing machine production line in 1Q2020","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"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.","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":591522,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/raya-holding-to-invest-egp-1-bn-in-home-appliance-production-lines\/","url_meta":{"origin":634106,"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 "Speed Round"","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":630078,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/raya-teams-up-with-italys-piaggio-to-manufacture-assemble-light-transport-vehicles-in-egypt\/","url_meta":{"origin":634106,"position":4},"title":"Raya teams up with Italy\u2019s Piaggio to manufacture, assemble light transport vehicles in Egypt","author":"enterpriseam admin","date":"11 April 2018","format":false,"excerpt":"INVESTMENT WATCH- Raya partners with Italy\u2019s Piaggio on EGP 100 mn tuk-tuk assembly plant: Raya Advanced Manufacturing Company will develop a EGP 100 mn light transport vehicle assembly plant in Egypt in partnership with Italy\u2019s Piaggio, the company said in bourse filing on Tuesday (pdf). 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