20 Hrs
Source:
بوابة الفجر
Industry Minister visits factory sites in Al-Ameriya
The article covers a site visit conducted by the Egyptian Minister of Industry, Khaled Heshmat, to two major factories in Alexandria: Perla Carbon Egypt's carbon black plant and Prometeon Egypt's tire manufacturing facility. During the visit, the minister reviewed the production processes and emphasized their strategic importance for local industries such as tires, rubber, and chemicals, highlighting production timelines and economic contributions. The visit underscored the importance of strengthening local manufacturing, increasing domestic content, and achieving environmental sustainability by adopting more efficient technologies. The goal is to meet domestic demand while also exporting to global markets. Key highlights include significant investments amounting to $526 million for the carbon black plant, with an annual production capacity of 250,000 tons, and about 80% of the company’s products exported to over 27 countries. Additionally, the factories produce 1.2 million tires annually, with more than 70% exported. Officials also pointed out the government's support to bolster complementary industries and reduce reliance on imports, focusing on developing supply chains and achieving sustainability targets by 2030.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)