{"id":644322,"date":"2024-09-24T00:00:00","date_gmt":"2024-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/24\/chinas-haier-lays-foundation-stone-for-second-phase-of-industrial-complex\/"},"modified":"2024-09-24T00:00:00","modified_gmt":"2024-09-24T00:00:00","slug":"chinas-haier-lays-foundation-stone-for-second-phase-of-industrial-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/24\/chinas-haier-lays-foundation-stone-for-second-phase-of-industrial-complex\/","title":{"rendered":"China\u2019s Haier lays foundation stone for second phase of industrial complex"},"content":{"rendered":"

Haie<\/strong>r lays foundation stone for second phase of industrial park: <\/strong>Chinese appliance manufacturer Haier laid the foundation stone for the USD 40 mn second phase of its eco-industrial complex in Tenth of Ramadan City in an event yesterday attended by Enterprise.<\/p>\n

The details: <\/strong>This second phase of the project will have a production capacity of 300k refrigerators and deep freezers and offer around 1k jobs, according to an Investment Ministry statement<\/a>. <\/p>\n

The timeline: <\/strong>The second phase of the project is scheduled to go online and begin production in the last quarter of 2025, Haier Egypt General Manager Ahmed El Gendi told Enterprise on the sidelines of the event.<\/p>\n

The second phase comes hot on heels of the complex opening its doors for the first time: <\/strong>Haier inaugurated<\/a> the USD 130 mn eco-industrial complex<\/a> back in only May. The first phase of production at the park \u2014 which primarily targets the local market \u2014 kicked off in March, rolling out ACs and TV sets. Al Gendi described the project as Haier\u2019s fastest to be completed outside of China.<\/p>\n

And the preparations for launching the third phase are already underway: <\/strong>The Industrial Development Authority has already allocated 45k sqm for the third phase of the complex, El Gendi said on the sidelines of the conference. The third phase will produce 22k air conditioning units a year with an investment of USD 50 mn, El Gendi added.<\/p>\n

Brining Haier over to Egypt \u2014 in no small due to golden licenses \u2014 was a<\/strong> big W<\/strong> for the <\/strong>Madbouly government: <\/strong>Haier is one of three big international companies that government wanted to attract, with the other two being Turkey\u2019s Beko, which recently opened<\/a> its first Egyptian home appliance factory in Tenth of Ramadan City at a cost of USD 100 mn and subsidiary of Germany\u2019s Bosch, BSH Home Appliances, which will soon open its EUR 30 mn oven factory in Tenth of Ramadan City soon.<\/p>\n

Stepping into new export markets is also part of the plan: <\/strong>Haier started exporting its Egypt-made products to Kenya and Seychelles and has plans to start exporting to Spain, Jordan, and Algeria before the end of the year, El Gendi told us. El Gendi added that the company aims to export 30% of its output by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

This second phase of the project will have a production capacity of 300k refrigerators and deep freezers<\/p>\n","protected":false},"author":1,"featured_media":644323,"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":[116,72,2432,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-china","tag-enterpriseam","tag-haier","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"7d8f8971-8cc1-4e9f-8886-f1235abe827f","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1821.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Haier lays foundation stone for second USD 40 mn phase of industrial complex in Egypt\u2019s Tenth of Ramadan","related_issue":[644311],"teaser":"This second phase of the project will have a production capacity of 300k refrigerators and deep freezers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.4594b132-2a32-4e49-82d9-5c6bebfc1015.mp3"},"yoast_head":"\nChina\u2019s Haier lays foundation stone for second phase of industrial complex - 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We are coming to you from the St. Regis on the banks of Nile shortly after wrapping up this year\u2019s EnterpriseAM Finance Forum where we spoke to members of the business community across various sectors, most notably Investment and Foreign Trade Minister Hassan El Khatib. 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The drumbeat of investment news continues as white goods manufacturer Electrostar announced it plans to inaugurate two plants in cooperation with Chinese consumer electronics and home appliances manufacturer Haier at a total investment cost of EGP 150 mn, Chairman Mohamed\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":559725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/raya-eyes-expansion-efic-plans-fertilizer-production-upgrade\/","url_meta":{"origin":644322,"position":3},"title":"Raya eyes expansion + EFIC plans fertilizer production upgrade","author":"enterpriseam admin","date":"2 February 2021","format":false,"excerpt":"Raya Holding for Financial Investments will invest EGP 400 mn in 2021 to expand into new sectors, CEO Medhat Khalil told Reuters in an interview cited by Al Arabiya. The company will self-finance half of the amount and is lining up bank finance for the rest, he said.Haier Raya kickstarts\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570070,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/raya-chinas-haier-electric-to-establish-egp-200-mn-home-appliances-factory\/","url_meta":{"origin":644322,"position":4},"title":"Raya, China\u2019s Haier Electric to establish EGP 200 mn home appliances factory","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"Raya Holding has signed a EGP 200 mn partnership agreement with Chinese HaierElectric to establish a home appliances factory under the name Haier Raya Electric, reports Al Mal. The factory will be constructed on Raya-owned property in the first industrial zone in Sixth of October city. Ownership of 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":639750,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/14\/gasc-is-still-after-its-big-wheat-purchase-plus-news-from-eroglu-holding-kima-concrete-plus-easy-lease\/","url_meta":{"origin":644322,"position":5},"title":"GASC is still after its big wheat purchase. PLUS: News from Eroglu Holding, Kima, Concrete Plus, Easy Lease","author":"enterpriseam admin","date":"14 August 2024","format":false,"excerpt":"The fresh wheat buy could cost us around USD 248 a ton","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644322","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=644322"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644322\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/644323"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644322"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644322"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}