China’s ZC Rubber plans $500m tyre manufacturing complex in Sokhna

AI Summary

China’s Zhongce Rubber Group plans to invest $500 million to establish an integrated tyre manufacturing complex in the Sokhna Industrial Zone, Egypt. The announcement was made in the presence of Egypt’s Minister of Investment and Foreign Trade and SCZONE officials, aiming to boost local industrial manufacturing.

Minister of Investment and Foreign Trade Mohamed Farid and Suez Canal Economic Zone (SCZONE) Chairperson Mostafa Sheikhoun have witnessed the signing of a letter of intent between SCZONE and Zhongce Rubber Group (ZC Rubber) to explore the establishment of an integrated tyre manufacturing complex in the Sokhna Industrial Zone. The proposed project would involve estimated […] The post China’s ZC Rubber plans $500m tyre manufacturing complex in Sokhna first appeared on Dailynewsegypt.