Photo by: ©Bloomberg
Name of the Project
Rolling Plus tyre manufacturing factory.
Location
Sokhna Industrial Zone, in the Suez Canal Economic Zone (SC Zone), in Egypt.
Project Owner/s
General Authority of the SCZone.
Project Description
Egypt plans to establish a tyre-manufacturing factory on an 400 000 m2 site.
The project will be implemented in three phases.
Phase 1 involves the implementation of construction work for the factory, along with production lines for the tyres, with a capacity of 2.5-million tyres a year.
Phase 2 includes adding a light transport tyre production line producing 3.5-million tyres a year, and providing 40% of them for the local market.
In Phase 3 production will be expanded to seven-million tyres a year after adding the heavy transport tyre production line.
Potential Job Creation
The project will provide 1 000 direct and indirect job opportunities.
Capital Expenditure
Phase 1 is estimated at between €400-million to €450-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
SCZone, email invest@sczone.eg.