{"id":635219,"date":"2024-07-28T00:00:00","date_gmt":"2024-07-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/28\/el-araby-inks-usd-50-mn-agreement-with-sharp-to-produce-fridges-and-freezers\/"},"modified":"2024-07-28T00:00:00","modified_gmt":"2024-07-28T00:00:00","slug":"el-araby-inks-usd-50-mn-agreement-with-sharp-to-produce-fridges-and-freezers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/28\/el-araby-inks-usd-50-mn-agreement-with-sharp-to-produce-fridges-and-freezers\/","title":{"rendered":"El Araby inks USD 50 mn agreement with Sharp to produce fridges and freezers"},"content":{"rendered":"

El Araby <\/strong>to partner with Sharp on fridge and freezer manufacturing:<\/strong> El Araby Group and Japan\u2019s Sharp will set up a USD 50 mn factory for the manufacture of refrigerators and deep freezers, under a newly-inked partnership agreement, according to a cabinet statement<\/a>. <\/p>\n

The two sides will set up a joint venture <\/strong>\u2014 dubbed Horizon for Home Appliances Manufacturing Co. \u2014 that aims to sell some 500k refrigerators locally in 2027, Sharp said in a <\/span>statement<\/a>. Sharp will own 20% of the venture and El Araby will own the remaining 80%.<\/span><\/p>\n

The details: <\/strong>The companies will break ground on the factory in 1Q 2025, while manufacturing is expected to begin in 1Q 2026. The factory will have a production capacity of 400k units a year, during its first year of operations, and provide some 1.5k jobs. The factory will be set up in the Quweisna zone, previously known as the Mubarak Industrial Zone \u2014 where the two sides alongside a number of other partners are setting up a USD 500 mn industrial complex<\/a>.<\/p>\n

All part of the plan:<\/strong> The new factory adds to a string of investments in factories and production lines by El Araby, including a USD 40 mn air conditioning compressor factory<\/a> in partnership with Taiwan\u2019s Rechi and a bid to locally manufacture CPE-VDSL routers<\/a>. \u201cThe strategy of the El Araby Group in the current period is to localize global technology and export it to countries worldwide in order to make Egypt a global center of manufacturing household and electronic appliances,\u201d chairman Ibrahim El Araby said. <\/p>\n

Decades of partnerships: <\/strong>Sharp first partnered up with El Araby in 2004, \u201cwhen the two companies began jointly working on air conditioner technologies, manufacturing, and sales.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction is set to begin in 1Q 2025<\/p>\n","protected":false},"author":1,"featured_media":635220,"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":[2876,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-elaraby-group","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"7a77853a-daaa-42d7-af8b-f42a53d40b66","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2138.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Araby inks USD 50 mn agreement with Sharp to produce fridges and freezers","related_issue":[635206],"teaser":"Construction is set to begin in 1Q 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.d8eb9c4d-13cc-4ffc-829f-32d61025b000.mp3"},"yoast_head":"\nEl Araby inks USD 50 mn agreement with Sharp to produce fridges and freezers - 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The factory will eventually produce 1 mn washing machines per year, half of which\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":634934,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/el-araby-breaks-ground-on-usd-500-mn-oven-factory-with-bertazzoni\/","url_meta":{"origin":635219,"position":3},"title":"El Araby breaks ground on USD 500 mn oven factory with Bertazzoni","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"El Araby Group has broken ground on a EGP 500 mn stove factory in partnership with Italy\u2019s Bertazzoni, according to AMAY. The 27k sqm factory is in Qalyubia has the capacity to produce 500k units per year. Bertazzoni had announced that it was investing EUR 55 mn in the factory\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":645552,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/el-araby-breaks-ground-on-egp-2-4-bn-manufacturing-facility\/","url_meta":{"origin":635219,"position":4},"title":"El Araby breaks ground on EGP 2.4 bn manufacturing facility","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"Trade and Industry Minister Tarek Kabil launched construction on El Araby Group\u2019s EGP 2.4 bn household appliances factory. The facility in Beni Suef will manufacture a wide range of appliances, including refrigerators, washing machines, and air conditioners, Al Shorouk reports.","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":647602,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/el-araby-group-inaugurating-egp-250-mn-washing-machine-factory\/","url_meta":{"origin":635219,"position":5},"title":"El Araby Group inaugurating EGP 250 mn washing machine factory","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"El Araby Group is set to inaugurate today a EGP 250 mn washing machine factory with a production capacity of 500k units per annum, 20% of which will be exported, Al Borsa reports.","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635219"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635219\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/635220"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635219"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635219"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}