{"id":83297,"date":"2024-12-24T00:00:00","date_gmt":"2024-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/24\/unionaire-plans-to-develop-a-factory-geared-for-exports-out-of-egypt\/"},"modified":"2024-12-24T00:00:00","modified_gmt":"2024-12-24T00:00:00","slug":"unionaire-plans-to-develop-a-factory-geared-for-exports-out-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/24\/unionaire-plans-to-develop-a-factory-geared-for-exports-out-of-egypt\/","title":{"rendered":"Unionaire plans to develop a factory geared for exports out of Egypt"},"content":{"rendered":"

Unionaire Group plans to develop an EGP 6 bn (c. USD 117 mn) home appliances factory <\/strong>in Egypt with a USD 100 mn annual export capacity<\/strong>, Daily News Egypt<\/a> reports, citing comments made by company chairman Mohamed Fathy Osman at a press conference. The 10k sqm factory \u2014 slated to begin operations in 2026 \u2014 will aim to prioritize third-party production for global firms.<\/p>\n

Strategizing investments + partnerships: <\/strong>The firm plans to invest between USD 200 and 300 mn into expanding Egyptian operations by 2028, Osman said at the press conference. Unionaire also plans to tap into manufacturing partnerships in Morocco and Tunisia as part of its broader regional expansion strategy, he added.<\/p>\n

Unionaire has big plans for Egypt: <\/strong>The company is developing an industrial complex<\/a> dedicated to manufacturing home appliances exclusively for export to expand its footprint in Europe. The company also plans to partner up with Italian cooking appliance manufacturer Premium Company<\/a> to become its main agent in Egypt and produce its products locally.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 10k sqm factory is set to begin operations in 2026<\/p>\n","protected":false},"author":1,"featured_media":83298,"comment_status":"","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":[45],"tags":[49,44,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-egypt","tag-investment-watch","tag-trade","wpautop","entry"],"acf":{"mongo_id":"7ea4d911-2ef8-49a2-b696-6b26fcfa6c08","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2077.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Unionaire plans to develop a factory geared for exports out of Egypt","related_issue":[83292],"teaser":"The 10k sqm factory is set to begin operations in 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.82160648-5320-454e-bb8b-51e86db00191.mp3"},"yoast_head":"\nUnionaire plans to develop a factory geared for exports out of Egypt - 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