{"id":710329,"date":"2026-06-14T00:00:00","date_gmt":"2026-06-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=710329"},"modified":"2026-06-14T02:54:59","modified_gmt":"2026-06-14T02:54:59","slug":"canadas-avelon-to-set-up-usd-27-mn-technical-textiles-plant-in-east-port-said","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/14\/canadas-avelon-to-set-up-usd-27-mn-technical-textiles-plant-in-east-port-said\/","title":{"rendered":"Canada\u2019s Avelon to set up USD 27 mn technical textiles plant in East Port Said"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Canadian firm Avelon is setting up <\/strong><strong>a USD<\/strong><strong> 27 mn technical textiles manufacturing facility in the East Port Said Industrial Zone<\/strong>, according to an SCZone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1DtdtoUAt2\/\" style=\"\">statement<\/a>. The facility, spanning some 24.2k sqm, will produce specialized materials for waterproofing, building protection, soil reinforcement, and infrastructure, with 100% of its output earmarked for export to US and European markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The SCZone has been flooded with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/24\/cloud-chain-plans-a-carbon-neutral-textile-complex-in-port-said\/\" style=\"\">Chinese<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/23\/egypts-investment-labor-ministries-roll-out-the-red-carpet-for-major-foreign-companies\/\" style=\"\">Turkish<\/a> firms focused on low-margin, ready-made garments, but Avelon breaks this mold by bringing a high-value, specialized industrial input to the table. The Canadian firm is leveraging the industrial zone\u2019s direct integration with the port to slash supply chain costs and lock in a logistics advantage for its Western-bound exports.<\/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\">Indian fabrics in Qantara West<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The SCZone also inked a contract with Indian <\/strong><strong>textile<\/strong><strong> manufacturer Prestige Denim Mills to build a USD 20 mn fully integrated denim fabric facility on a 100k sqm plot in Qantara West<\/strong>, according to an SCZone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02iQDk8BLsKKkAMLQ3fYp5Xvd4bftk1TpaKnoGu7Y59knSZTfBr6TMekvMWeQV3JQwl\" style=\"\">statement<\/a>. The plant will produce up to 20 mn meters of denim fabric annually, integrating weaving, dyeing, and finishing operations, with 70% of output earmarked for export.<\/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\">LimeVest mulls Saudi factory<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown healthcare investment firm <\/strong><strong>LimeVest is looking to invest up to USD 70 mn to set up a <\/strong><strong>pharma factory in Saudi Arabia<\/strong>, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/135958\/%D9%84%D8%A7%D9%8A%D9%85-%D9%81%D8%B3%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B5%D9%86%D8%B9-%D8%A3%D8%AF%D9%88%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\" style=\"\">Arabic press<\/a> reported, citing founder and chairman Sharif El Akhdar. The move coincides with its subsidiary LVP Pharma upping its stake in EGX-listed Rameda to 31.5% following an <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/10\/lvp-pharma-continues-accumulation-spree-with-egp-847-mn-rameda-share-purchase\/\" style=\"\">EGP 847 mn share purchase<\/a> last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: India\u2019s Prestige Denim Mills to invest USD 20 mn in Qantara West denim plant<\/p>\n","protected":false},"author":1,"featured_media":710330,"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":[111,72,131,427,6702,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-710329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-manufacturing","tag-pharma","tag-sczone","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"41bd371d-ad28-4e64-8c96-bad26b18720f","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/6\/807.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A growing textile hub","related_issue":[710314],"teaser":"Plus: India\u2019s Prestige Denim Mills to invest USD 20 mn in Qantara West denim plant"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada\u2019s Avelon to set up USD 27 mn technical textiles plant in East Port Said - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/14\/canadas-avelon-to-set-up-usd-27-mn-technical-textiles-plant-in-east-port-said\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s Avelon to set up USD 27 mn technical textiles plant in East Port Said\" \/>\n<meta property=\"og:description\" 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