China National Tire & Rubber to invest $550m in Egypt expansion, build new Alexandria plant

AI Summary

China National Tire & Rubber Corporation plans to invest $550 million in Egypt to build a new manufacturing plant in Alexandria. The expansion aims to significantly boost production capacity and strengthen Industrial ties between China and Egypt.

Egypt’s Minister of Industry, Khaled Hashem, met with senior executives from China National Tire & Rubber Corporation (CNTR), led by Chairperson Wang Jianjun, to discuss the company’s expansion plans in Egypt, including a major new manufacturing project in Alexandria valued at $550m. The meeting was attended by Omar Mehanna, Chairperson of Prometeon Tyre Egypt, Mohamed […] The post China National Tire & Rubber to invest $550m in Egypt expansion, build new Alexandria plant first appeared on Dailynewsegypt.