Household Equipment News
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Prices of electrical appliances drop by 30%
The downward trend in prices is anticipated to persist. Many electrical appliance firms have started to roll out promotional offers on select products
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PM visits Fresh Electric Factory & announces $8M investments in automatic washing machines production
The prime Minister emphasized that any new investments or expansions from the private sector are a strong addition to the Egyptian economy.
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Madbouly visits Beko’s $100M factory in 10th of Ramadan City tour
The factory, covering a total area of 114,000 square meters, represents a significant investment of over $100 million.
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Chinese house appliance company builds new factory in Egypt
The construction of the factory will be completed in nine months, the SCZone said in the statement.
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).
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China-based Midea Group eyes acquiring Zanussi brand in Egypt
The Swedish group aims to sell its assets in Egypt due to the current global financial issues facing it.
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Beko Egypt on track to open $100mln home appliances factory in Egypt in Q4
Günel outlined Beko Egypt's ambitious plans to deepen localisation and make Egypt a global export hub for household appliances.
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Turkish Vestel, Zorlu to establish home appliances factory in Egypt with $70 mln
The project is by Turkish companies Vestel, a home and professional appliance manufacturer, and Zorlu, a multinational holding company.
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Sweden's Electrolux Group to sell brands, factories in Egypt
Swedish multinational appliances company Electrolux Group will sell $976.46 million worth of brands and factories in Egypt and South Africa.
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B.TECH, Egyptian Food Bank sign cooperation protocol
To support 500 small-scale farmers and plant 10,000+ palm trees in Aswan.
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Electrolux Group participates in the National Day of Sweden
Electrolux is also playing a good role in supporting the Swedish values through its commitment to sustainability and CSR.
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Egypt issues Golden Licenses to Beko Egypt, Bosch to establish home appliance factories
The minister gave two Golden Licenses to foreign investors operating in the sector of home appliances upping the total to 15.
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Egypt’s Factory 360 and Japan’s MIZUHA sign a joint manufacturing agreement
The device went through several tests in Egypt to ensure that it will be suitable for hot weather, particularly in North African countries.
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Saudi Arabia’s United Electronics Co. shelves plans for Egypt expansion
The expected negative financial impact of shelving the expansion in Egypt is about SR38 million ($10.13 million), the company said in a statement.
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German Amb. in Cairo Inaugurates Bosch Factory in Egypt
Germany has always been investing in energy and infrastructure, which lays a solid ground for industrial development.
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Turkish Beko injects $100m in its projected plant in Egypt
The project is expected to strengthen Beko’s presence in the local market, offering it a variety of high-quality and innovative home appliances.
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Global Power Bank Market Projected To Reach US$ 32167.56 Million At A CAGR of 22.3 % from 2017 to 2024
Global Power Bank Market is expected to reach USD 32,167.56 million by 2024 from USD 6,474.80 million in 2016, at a CAGR of 22.3% in the forecast peri
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Global Exercise Equipment Market | Industry Current Trends and Future Forecast 2018
Exercise Equipment market status and forecast, categorizes the global Exercise Equipment market size (value & volume) by manufacturers, type
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Schneider Electric Unveils “End to End Traceability,” a New Total Traceability Application For Food & Beverage Products
Schneider Electric is boosting its EcoStruxure™ for Food & Beverage offerings with a new traceability and monitoring module.