Egypt's SCZONE signs $8 mln Pitcairn food project    Egypt's Military Production Ministry revenues reach 129% of targets with 32% growth rate    Shadows over the Sunshine State: Miami talks peel back the layers of Ukraine's peace puzzle    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Gold prices in Egypt surge on Monday, 22 Dec., 2025    Egypt, Gambia discuss opening first Egyptian medical centre in Banjul    Asian stocks advance on Monday    Vertex Technologies sponsors MCIT job fair to support youth employment and outsourcing talent    Gold prices in Egypt surge by over EGP 2,000 in 2025: iSagha    Egypt calls for Nile Basin inclusivity and rejection of unilateral measures in Rwanda talks    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi meets Kurdistan Region PM Barzani, reaffirms support for Iraq's unity    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Mediterranean veterinary heads select Egypt to lead regional health network    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt partners with global firms to localise medical imaging technology    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China's fiberglass manufacturer Jushi eyes $520mn investments in Egypt
Islam Salah Published in Amwal Al Ghad on 23 - 01 - 2016

Chinese fiberglass manufacturer Jushi Group eyes boosting investments in its factory in Egypt to hit US$520 million with the capacity of 200,000 tonnes, chairman Zhang Yuqiang announced Friday.
He added that the total amount of Jushi's current investments in Egypt's fiberglass factory is estimated at US$230 million with the capacity of 80,000 tonnes. The factory is expected to provide 1,000 new job opportunities to lower unemployment rate in Egypt.
Chiarman Yuqiang stated that Bank of China has provided a loan worth US$122 million to finish the project.
Jushi Group is set to establish the second production line in Egypt's fiberglass factory by June 2016, the chairman stated, noting that the Chinese side is sharing its technology with the Egyptian one to upgrade different industries.

Clic here to read the story from its source.