Deli Glass Co to set up shop in Sokhna’s TEDA Zone: China’s Deli Glass Co broke ground on a new USD 70 mn factory for glassware goods in Egypt’s Suez Canal Economic Zone’s (SCZone) China-Egypt TEDA trade zone in Ain El Sokhna, according to a statement. Some 80% of the goods produced at the facility are earmarked for export, while 20% will be directed into the local market.
The details: The new facility – spanning 120k sqm – will be developed in two phases, with phase one scheduled to be operational by 2H 2026. The project’s target annual capacity was not disclosed.
Not the only glassware player in the zone: China Glass Holding subsidiary CNG Egypt New Energy Glass began construction work on a USD 300 mn glass factory last year. The project will have a flat glass production line with a daily capacity of 1k tons and a photovoltaic glass production line with a daily capacity of 800 tons.
DATA POINT- The SCZone has inked contracts for some USD 8.5 bn in investments, amounting to 297 projects in its zones and ports across the country.
IN OTHER ZONES NEWS FROM OMAN-
US-based mattress manufacturer SweetNight will set up a USD 70 mn facility in Oman’s Sohar Port and Freezone, after the pair inked a new land lease agreement, according to a statement. The facility — spanning some 96k sqm — will have a production capacity of up to 3 mn mattresses annually. The site will initially produce goods for export to the US, with plans to expand later into the local Omani, GCC, Indian, and EU markets. The company will import raw materials from China, Thailand, Japan, and Korea.