{"id":669096,"date":"2025-07-28T00:00:00","date_gmt":"2025-07-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/28\/a-look-at-natcos-spending-to-localize-the-assembly-of-exeed\/"},"modified":"2025-07-28T00:00:00","modified_gmt":"2025-07-28T00:00:00","slug":"a-look-at-natcos-spending-to-localize-the-assembly-of-exeed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/28\/a-look-at-natcos-spending-to-localize-the-assembly-of-exeed\/","title":{"rendered":"A look at NATCO\u2019s spending to localize the assembly of Exeed"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>How much is <\/strong><strong>NATCO spending to localize the assembly of China\u2019s Exeed? <\/strong>The National Automotive Company (NATCO) \u2014 the exclusive agent for China's Exeed brand \u2014 will invest up to EGP 1.25 bn in the local assembly and retail expansion of the Exeed brand by the end of the year, Exeed Egypt General Manager Yehia Abdel Quddous told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/07\/27\/1903678\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. Some EGP 1 bn of the investment is being directed toward assembling Exeed\u2019s RX and (very handsome) VX models, with monthly output of 250 vehicles. The remaining EGP 250 mn will go toward opening two new showrooms and a service center in Alexandria and the Red Sea governorate before the year is out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Premium SUV-focused Chery subsidy Exeed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e62aec66-2613-4f71-9123-22586a5cce98\/al-safy-to-invest-usd-80-mn-to-develop-its-television,-smartphone-production-lines.-plus:%253cmark%253e-exeed%253c%2Fmark%253e,-mineral-resources-authority,-raya-holding-%2B-helios,-ict-misr,-orange-egypt\" style=\"\" rel=\"noopener\">launched<\/a> local assembly at the Egyptian German Automotive Company\u2019s facilities late last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State-owned <\/strong><strong>Egyptian Sugar and Integrated Industries Company<\/strong><strong> (ESIIC) is looking<\/strong><strong> to build a USD 350 mn beet sugar plant in northern Sudan<\/strong> on the Sudanese government\u2019s behalf under a turnkey framework, Hapi Journal <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/07\/27\/%d8%a7%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d9%83%d8%a7%d9%85%d9%84%d9%8a%d8%a9-%d8%aa%d8%af%d8%b1%d8%b3-%d8%a5%d9%86%d8%b4%d8%a7%d8%a1-%d9%85%d8%b5%d9%86%d8%b9\/\" style=\"\" rel=\"noopener\">quotes<\/a> CEO Salah Fathy as saying. The company is handling the feasibility studies and designs for the facility and will also be responsible for the construction and operations. ESIIC expects to complete the feasibility studies within two months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is part of the company\u2019s broader push into African markets:<\/strong> A technical team is also assessing a potential sugar plant in Burundi, with plans to upgrade the facility and add another 5k ton\/day turnkey factory, Fathy added. All equipment for the Burundi projects will be designed and manufactured in-house at ESIIC\u2019s Hawamdeya facilities in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea pe<\/strong><strong>tchem project moves ahead with new CNCEC agreement:<\/strong> Red Sea National Petrochemicals signed a non-binding agreement with China National Chemical Engineering Company (CNCEC) to co-develop its planned petrochemicals complex in the Suez Canal Economic Zone, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%AA%D8%B4%D9%87%D8%AF-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A7%D8%B7%D8%A7%D8%B1-%D9%85%D8%B9-cncec-%D9%81%D9%8A-%D8%A8%D9%83%D9%8A%D9%86-%D9%84%D9%85%D8%B4\/1061712172810420\/\" style=\"\" rel=\"noopener\">statemen<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%AA%D8%B4%D9%87%D8%AF-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A7%D8%B7%D8%A7%D8%B1-%D9%85%D8%B9-cncec-%D9%81%D9%8A-%D8%A8%D9%83%D9%8A%D9%86-%D9%84%D9%85%D8%B4\/1061712172810420\/\" style=\"\" rel=\"noopener\">t<\/a>. Under the agreement, CNCEC could help finance up to 85% of EPC costs and potentially take an equity stake in the project. The signing took place in Beijing in the presence of senior Egyptian and Chinese officials, including reps from Bank of China, Exim Bank of China, and Sinosure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Potato e<\/strong><strong>xporters are about to have an easier time accessing EU markets:<\/strong> The EU approved regulations simplifying procedures for importing Egyptian table potatoes, the Agriculture Ministry said in <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02GCi8N1TLymHsAvAihpenipQWjuGJ4dqfRB8ohBhznMVhGBVuMtcfXbQJspQ8FQeJl\" style=\"\" rel=\"noopener\">a statement<\/a>. The updated rules increase allowable shipment weights and reduce sampling requirements, helping cut export costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Potato exporters are about to have an easier time accessing EU markets<\/p>\n","protected":false},"author":1,"featured_media":669097,"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":[7209],"tags":[97,111,144,72,12195,131,1390,705,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-automotive","tag-enterpriseam","tag-exceed","tag-manufacturing","tag-natco","tag-petrochemicals","tag-trade","wpautop","entry"],"acf":{"mongo_id":"39b7167f-e669-4edd-b18d-7533c5b6816f","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1705.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A look at NATCO\u2019s spending to localize the assembly of Exeed","related_issue":[669080],"teaser":"PLUS- Potato exporters are about to have an easier time accessing EU markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.edf67c40-6c29-4eec-87d0-7c005ec40503.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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