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Photo from a tire factory |
Chinese company to build a tire factory in Egypt with investments of $1 billion
The Chinese company, Silon Group, laid the foundation stone for its new factory in Egypt to manufacture various types of tires. The factory is located within the TEDA Egypt industrial development in the Sokhna Integrated Industrial Zone, with investments totaling $1 billion.
According to an Egyptian government statement, the project will cover an area of 350,000 square meters and will be implemented in three phases over three years. The first phase will have a production capacity of 3 million passenger car tires and 600,000 truck and bus tires, creating 1,500 job opportunities.
The first phase is scheduled to begin operations in 2026. The statement explained that the total production capacity of the entire factory is planned to exceed 10 million tires annually, meeting the needs of the Egyptian market and opening up broad prospects for export to regional and international markets.
Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, said that this project represents a fundamental pillar of the Authority's strategy to localize the automotive industry and its associated value chains, in implementation of the National Strategy for Localizing the Automotive Industry launched by the Egyptian government. He added that the Authority seeks to establish integrated industrial clusters that will make the Suez Canal Economic Zone a leading regional platform in this vital sector.
The Sailon Group is one of the largest Chinese industrial entities specializing in the manufacture of vehicle tires. It owns factories in China and Vietnam with a production capacity of more than 26.6 million TBR tires, 88 million PCR tires, and 310,000 tons of OTR tires annually. The group also has a sales and logistics network spanning more than 180 countries and regions around the world.
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