{"id":676243,"date":"2025-11-26T00:00:00","date_gmt":"2025-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/26\/prometeon-to-invest-usd-400-mn-to-boost-local-production\/"},"modified":"2025-11-26T00:00:00","modified_gmt":"2025-11-26T00:00:00","slug":"prometeon-to-invest-usd-400-mn-to-boost-local-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/26\/prometeon-to-invest-usd-400-mn-to-boost-local-production\/","title":{"rendered":"Prometeon to invest USD 400 mn to boost local production"},"content":{"rendered":"

Prometeon wants to expand locally: <\/strong>Tiremaker Prometeon Tyre Egypt \u2014 a subsidiary of China National Tire & Rubber Company \u2014 plans to invest USD 400 mn to expand its operations in Egypt, company representatives told Investment Minister Hassan El Khatib during a meeting<\/a> in Cairo. The fresh funds will go towards boosting output and upgrading the capabilities of the company\u2019s existing Alexandria plant.<\/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

The details:<\/strong> The investment will boost the company\u2019s annual production by 1.5 mn tires and raise the efficiency of the company\u2019s existing manufacturing facilities in Alexandria\u2019s Amreya. The firm currently produces 1.2 mn tires a year and has plans to introduce new tire technologies to the Egyptian market.<\/p>\n

To carry out its expansion plans<\/strong>, Prometeon is seeking a 200k sqm land plot adjacent to its Amreya plant. The company is also mulling plans to set up freezone to serve the new expansion and to export output.<\/p>\n

Dive deeper into Prometeon\u2019s plans for Egypt:<\/strong> Check out our interview<\/a> with Prometeon Tyre Egypt CEO Stefano Ziliani, where we discussed the company\u2019s future plans, localization push, and much more. <\/p>\n

We have a few local tire projects in the works<\/strong>, most notably Chinese tiremaker Sailun Group\u2019s USD 1 bn factory<\/a>, which kicked off construction earlier this year. Organi Group acquired 50% of Rolling Plus Chemical Industries in March<\/a> to revive its EUR 1 bn tire factory project<\/a> in the SCZone in partnership with Concrete Plus. In addition to this, an unnamed Chinese company is reportedly looking to set up a USD 360 mn tire factory<\/a> in the SCZone in partnership with the state-owned Arab Organization for Industrialization.<\/p>\n

** Read more about our fledgling domestic tire industry<\/strong> \u2014 and the challenges it\u2019s facing \u2014 in this Inside Industry two-parter we published in 2023 (Part I<\/a> | Part II<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The fresh funds will go towards boosting output and upgrading the company\u2019s existing Alexandria plant<\/p>\n","protected":false},"author":1,"featured_media":676244,"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":[144,72,6663,125,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-automotive","tag-enterpriseam","tag-investment-ministry","tag-investment-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"17c29865-21c3-4945-827d-33c56bf0646c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/398.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Prometeon to invest USD 400 mn to boost Egyptian production","related_issue":[676235],"teaser":"The fresh funds will go towards boosting output and upgrading the company\u2019s existing Alexandria plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.14589fdc-657f-4bd4-b140-5dba1384554e.mp3"},"yoast_head":"\nPrometeon to invest USD 400 mn to boost local production - 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PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?","author":"enterpriseam admin","date":"12 May 2024","format":false,"excerpt":"Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well","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\/5\/719.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593537,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/egyptian-textiles-producer-mardinitex-to-invest-eur-2-mn-next-year-to-up-output\/","url_meta":{"origin":676243,"position":1},"title":"Egyptian textiles producer MardiniTex to invest EUR 2 mn next year to up output","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"Textiles manufacturer MardiniTex is planning to invest EUR 2 mn in mid-2020 to increase its production capacity to 300k meters per year, owner Maamoun Mardini told the local press. The company\u2019s investment plan involves upgrading machinery and expanding an existing production facility. MardiniTex earmarks some 75% of its output for\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":568372,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/28\/indias-tci-sanmar-to-invest-usd-200-mn-here-next-year\/","url_meta":{"origin":676243,"position":2},"title":"India\u2019s TCI Sanmar to invest USD 200 mn here next year","author":"enterpriseam admin","date":"28 December 2020","format":false,"excerpt":"Indian industrial chemical manufacturer TCI Sanmar Chemicals is planning to resume its USD 200 mn investment in its Egyptian operations next year, the company\u2019s Egypt CEO Sherif El Manoufi said, according to Al Mal. 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