{"id":660016,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/el-wazir-talks-expansion-with-turkish-investors\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"el-wazir-talks-expansion-with-turkish-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/el-wazir-talks-expansion-with-turkish-investors\/","title":{"rendered":"El Wazir talks expansion with Turkish investors"},"content":{"rendered":"

A busy day for manufacturing news: <\/strong>The last 24 hours saw an influx of announcements and reports in the manufacturing sphere, between high-level meetings, fresh projects, and expansions to already-existing projects. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

#1- <\/strong>Hearing out Turkish players:<\/strong> Industry Minister Kamel El Wazir met with representatives from nine Turkish companies operating in the local market in the textile, ready-made garments, packaging, and home appliances sectors to discuss their potential expansion plans and challenges, according to a statement<\/a> from the Industry Ministry. <\/p>\n

To sweeten the pot: <\/strong>Companies looking to set up their own solar plants to power their factories can do so without the need for any approvals from the government, El Wazir said.<\/p>\n

#2- <\/strong>Turkey\u2019s Kipas Textile<\/strong>s was said by the domestic press to be planning an EGP 1 bn investment to set up its second fabric factory<\/strong> here, expected to go live before the end of the year. A company spokeswoman later told EnterpriseAM that \"that there is no new investment set to be launched by the end of the year.\"<\/p>\n

#3-<\/strong> A local-foreign consortium mulls establishing EGP 200 mn leather industrial <\/strong>complex:<\/strong> A consortium of Egyptian, Turkish, and Chinese investors led by homegrown leather manufacturer Fabrica<\/a> is looking into setting up a EGP 200 mn industrial complex for leather products, Fabrica Chairman Mohamed Mahran told Al Borsa<\/a>. The three partners will hold equal stakes of 33.3% each in the complex, which will focus on export. Construction, facilities preparation, and production lines installation are scheduled to begin next year.<\/p>\n

Where things stand: <\/strong>The consortium is currently in talks with the government to secure a land plot in one of the country\u2019s economic zones as it looks to capitalize on tax and customs incentives.<\/p>\n

#4-<\/strong> Cairo Foods<\/strong>\u2019 Sadat City factory to undergo USD 5 mn expansion:<\/strong> Snackmaker Cairo Foods for Food Industries<\/a> plans to invest USD 5 mn adding four production lines to its Sadat City factory, VP Ahmed Rabie told Al Mal<\/a>. The expansion will allow the company to increase its production capacity of chips to 1.5k tons from 550 tons at the moment.<\/p>\n

Also in the pipeline: <\/strong>The company, which exports 80% of its output, is looking to step into new markets over the coming period \u2014 including Morocco, Tunisia, Italy, Canada, and Switzerland. <\/p>\n

Editor's note:<\/b> This story was edited on 12 February 2025 to reflect comment from a Kipas Textiles spokesperson.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- An EGP 200 mn leather industry complex?<\/p>\n","protected":false},"author":1,"featured_media":660017,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,7196,209,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-industry","tag-kamel-el-wazir","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"2930fdc2-2b94-4f1b-8fa9-f6000447de8c","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/402.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Wazir talks expansion with Turkish investors","related_issue":[660002],"teaser":"PLUS- An EGP 200 mn leather industry complex?","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.80370866-5f47-4bda-9ec0-4970493db9ea.mp3"},"yoast_head":"\nEl Wazir talks expansion with Turkish investors - 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