Latest in Tag: factory Highlight
Latest in Tag: factory
High EGX trading expected this week after awaited factory energy price cut
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
Arabia Holding, Alazaizy Group launch EGP 45m cement bricks factory
Factory’s production will be directed to Sun Capital project
Gama Construction establishes textile factory in Rubiky complex
Company is currently constructing factory in Al-Mahalla Al-Kubra, projected to be largest spinning facility in the world
Hero to invest $5m in its Egypt jam factory by 2020 end: General Manager
Egypt’s exports of Hero products represent 35% of company’s turnover
Largest regional optical fibre cable factory established in Suez Canal Zone
EGP 1bn factory part of AOI strategy implementing Egypt’s plan for local industrialisation, technology localisation and reducing imports
Lecico Egypt reopens factory, closes another due to confirmed COVID-19 cases
The factory, which produces 35% of the group’s sanitary wares products, was forced to close in mid-April due to some of its workers testing positive for the coronavirus (COVID-19).
Egyptian manufacturers renew calls to cut factory energy prices
The sharp decline has been attributed to the worldwide decrease in global demand and the halting of many economic activities due to the ongoing coronavirus (COVID-19) pandemic.
COVID-19 infection halts operations at Nestlé Egypt’s Greater Cairo factory
Nestlé Egypt continues to apply strict precautionary measures to guarantee the quality of all its products and ensure the safety of its employees, products, partners and the communities in which it operates.
Lecico Ceramics temporarily closes Alexandria factory after detecting COVID-19 cases
The company confirmed with the Ministry of Health that two workers at its Borg El-Arab factory in Alexandria, which produces 35% of the group’s sanitary wares products, had tested positive for Covid-19.
Business community endorses ‘Stay at your factory, protect your family’
Accordingly, businesspeople are being asked to bear the costs of accommodating workers for a period of 14 days, equal to the period of quarantine. During this time, workers will double their work shifts to increase production.
Nouna establishes tomato paste factory with EGP 26m investments
Factory on an area of 10,000 sqm in partnership with Jordanian company: Fathy
Abdel Wahab Sons invests EGP 20m to establish frozen vegetable factory in 2020
Company targets 40,000 tonnes of exports this year, Abdel Wahab says
Potential Egypt-China EV factory to bring back El Nasr Automotive
The Ministry Public Enterprises Sector is trying to revive El Nasr Automotive and has recently cooperated with the Ministry of Trade and Industry to reach an agreement with an international company to bring back the state-owned automobile company.
Canal Sugar’s new factory to bridge 57% of local market gap: CEO
Company plans to build grains terminal in Damietta, says Salem
Saudi Al Romaizan plans to launch EGP 500m gold factory in Egypt
The company has completed all technical and feasibility studies of the project and is considering to start take the required procedures, a source at Al Romaizan said.
Egypt to host Novavera’s 1st football factory in Middle East
Factory’s production capacity to reach 1m FIFA certified balls during its first year, says Al-Assiouty
Egyptian Nile Food Industries Company awaits potato factory licenses
Entity seeks to provide products suitable for specialists, professionals in food production marketing
There will be no float of shares before mid-January 2019: Minister of Public Enterprise Sector
I have agreed with minister of planning to put some of ministry’s assets in Egypt’s sovereign wealth fund, through two sub-funds dedicated for hotel management, real estate development
MNB Company to direct EGP 240m investments to launch new factory in Egypt
MNB Company plans to invest EGP 240m to launch a new pharmaceutical factory which will include several production lines in Borg El Arab in Egypt, according to Mohamed Bazazo, head of the company. Bazazo said that the inauguration of the first phase of the factory will take place in 2021 as it will increase the …
Al Ahly Holding signs $1bn deal with Al Ghurair Group, Murban to reclaim 180,000 feddan, establish world’s largest beet sugar factory
UAE investors contribute to 70% of project’s capital, worth EGP 5.4bn, Al Ahly Capital contributes to 30%
Organic Green establishes factory for drying medicinal herbs with investments worth EGP 12m
US, European markets have most demand for organic products, with China, India as main competitors
Mintra opens first sports shoe factory in Middle East by end of 2018
The factory’s first phase will produce 20m shoes annually, with EGP 1bn investments, says Qesses
L’Oréal Egypt factory targets producing over 80m units this year
Company seeks to lead cosmetics sector in Egypt
Afreximbank provides $150m for Egyptian factoring companies within 5 years
The African Export-Import Bank (Afreximbank) is providing $150m for Egyptian factoring companies within 5 years, according to the Managing Director of Intra-African Trade Initiative of Afreximbank Kanayo Awani. Awani told Daily News Egypt that the funding began this year and will end in 2021. Awani noted that the bank is very interested in the file …
Iron in grip of local factories
Industry Ministry imposes anti-dumping duties on imports from 3 countries for 5 years
Recently opened factory will increase Q4 profits: managing director of MBEN
Ahmed Bahaa, managing director of MB for Engineering and Contracting (MBEN), and member of the Egyptian Exchange’s board, revealed that setting up the company’s recently opened factory in Sixth of October city is expected to lead to a hike in profits throughout the fourth quarter (Q4) of 2017. “The company’s financials in terms of revenues …
Thousands of workers strike at Mahalla textile factory
Workers demand the newly issued 10% bounce as well as late payments
European Castle Company reconsiders feasibility study of its household equipments factory after raising interest rate
Company negotiates with banks to borrow EGP 36m to finance 30% of the project
First Egyptian factory for sports shoes opened with EGP 60m investments
The factory’s capacity is 120,000 shoes per month, we aim to export, says El Gohary
EBSC asks cabinet to exempt their equipment from taxes and customs
Shareholders paid EGP 300m for issued capital, says Soltan