Industry News
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Huawei Egypt, MCV Energy partners to roll out digital power solutions in Egyptian market
The deal comes within the framework of both companies’ efforts to provide accessible and cost-efficient smart and integrated power solutions.
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Cabinet announces Egypt’s power outage plan will be lifted by end of summer
Egypt’s plan to reduce electricity loads by cutting off electricity for an hour a day will be lifted by the end of the summer, the cabinet announced.
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Austrian Kronospan plans to set up wood panel factory in Egypt with $50m investment
The company has an industrial history dating back to 1897 and owns 39 sites around the world employing 18,000 workers.
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UAE company purchases 30% stake in Eastern Company, Cabinet
Sources told local media last week that the Egyptian government expected to finalize the sale of a stake in Eastern Company.
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Egypt to provide incentives to localize automotive industry
Prime Minister Mostafa Madbouly announced on Thursday that the state is ready to provide a package of incentives to encourage the localization.
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Egypt’s Mediterranean city gains global fame in shipbuilding
The city, located in Damietta Governorate, some 190 km north of the capital Cairo, has been leading shipbuilding in the North African country.
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Egypt, DMG MORI probe boosting cooperation in manufacturing sector
This came within the framework of the Egyptian president’s directives to transfer and localize the latest manufacturing technologies and industry 4.0
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Indorama aims to establish $700M factories in Egypt
The petroleum minister said there is a chance for partnership with Indorama, noting that the raw materials for the two factories are available.
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INTERVIEW: ‘Egypt's strategic location and population makes it a key market for us – Chairman, Fine Hygienic Holding
Based on its investment plans, FHH expects to increase its production capacity in Egypt in 2024, said Ghassan Nuqul.
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Austria’s Kronospan eyes building wood panel factory in Egypt
The project aims to meet the local market’s demand as well as turn to exporting at a later stage of production.
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Declining car market in Egypt raises concerns amidst economic challenges
A tough market has seen vehicle sales in Egypt in the first half of 2023 plummet by 69.8 percent compared to the same period last year.
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Egypt’s manufacturing and extractive industries index dips in June, CAPMAS
Basic metals production was up by 4.16 percent to 59.59 in June 2023, compared to 57.21 in May 2023 when it dipped by 1.79 percent.
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Egypt: EFIC’s consolidated profits drop 12.9% YoY in H1
Established in 1929, EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals.
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Chinese Cady Textiles lays foundation stone for vast Egyptian textile factory
Egypt Cady Textile Company started the construction of a 145,500-square-meter eco-friendly clothing and textile factory in the TEDA-Egypt zone.
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Egypt Aluminum’s profits hike 47.6% YoY in FY2022/23
The company generated revenues of EGP 22.045 billion in FY 2022/2023, higher than EGP 14.481 billion in a FY earlier.
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Petroleum Min. Inspects Land for New Petrochemical Projects in Alamein
The land inspected will see the launch of the first phase of metallic silicon, soda ash and its derivatives projects, and other planned projects.
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Egypt Sees Opportunity to Replicate S. African Auto Industry Experience
This came during his meeting with officials of the the National Association of Automobile Manufacturers of South Africa (NAAMSA).
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Egyptian gov't works to increase private sector's contribution to national economy to 65%
Egypt's Prime Minister Mostafa Madbouly said the government is working to promote the private sector’s role and increase its contribution.
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Military Production min. inspects Military Production Co. for Projects, Engineering Consultancy
Military Production Company For Projects and Engineering Consultancy should be utilized in light of leap and development.