Mifra to build USD 7 mn metal products factory in Ain Sokhna

Metal manufacturer Mifra will set up a USD 7 mn factory within industrial developer Main Development Company’s (MDC) site near the Sokhna Port, according to a statement. The 15k sqm facility — the first of its kind in Egypt — will manufacture metal door handles, traditional and smart locks, and kitchen and office accessories, serving both the hospitality and real estate sectors.

The details: The factory’s first USD 3 mn phase will go online in early 2027, producing 2.5 mn hinges, 3 mn door handles, and 3 mn locks a year. The project will create 200 direct jobs.

IN OTHER MANUFACTURING NEWS- State-owned Egypt Aluminum has launched trial operations of a new USD 17.5 mn aluminum wire production line at its Nagaa Hammadi complex, the Public Enterprises Ministry said in a statement. The new line, developed in partnership with Italian aluminum casting company Properzi, has a monthly capacity of 5k tons of high-quality aluminum wire.