Second phase of Vanward plant begins
The General Authority for the Suez Canal Economic Zone laid the foundation stone for the second phase of "Fanward Home Appliances" factory in the Sukhna Industrial Zone, with an investment of $12 million on an area of approximately 13.3 thousand square meters. The project aims to expand the manufacturing and assembly of gas-powered water heaters, increasing production capacity to two million water heater components and 500,000 complete units annually, while creating over 300 job opportunities. This expansion reflects the company's success in Egypt, enhances its export capabilities, and establishes the factory as a major center for gas heater manufacturing in the Middle East and North Africa, supported by Egyptian government programs and efforts to improve the investment environment in the region.
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