China National Tire & Rubber to Invest $550m in Egypt Expansion, Build New Alexandria Plant - Dailynewsegypt

Chinese company to build $550m tyre factory in Egypt

China National Tire and Rubber Corporation (CNTR), a subsidiary of state-owned Sinochem Holdings, will invest $550 million to build a new tyre manufacturing project in Egypt. The facility will be located in the Amreya district of Alexandria, through Prometeon Tyre Egypt, a CNTR subsidiary, adjacent to an existing factory, which will be expanded and modernised, the Egyptian cabinet said in a statement. The investment decision was announced during…

China National Tire & Rubber to invest $550mln in Egypt expansion, build new Alexandria plant

Commercial operations are scheduled to commence in early 2028

China National Tire & Rubber to invest $550m in Egypt expansion, build new Alexandria plant - Dailynewsegypt

Egypt’s Minister of Industry, Khaled Hashem, met with senior executives from China National Tire & Rubber Corporation (CNTR), led by Chairperson Wang Jianjun, to discuss the company’s expansion plans in Egypt, including a major new manufacturing project in Alexandria valued at $550m. The meeting was attended by Omar Mehanna, Chairperson of Prometeon Tyre Egypt, Mohamed

Egypt, Chinese tire giant discuss $550m expansion project in Alexandria

Deputy Prime Minister for Economic Affairs Hussein Eissa reaffirmed the Egyptian government’s commitment to implementing a comprehensive program to support investment, improve the business climate and provide incentives aimed at attracting high-quality investments, transferring advanced technologies and localizing strategic industries. Eissa made the remarks during a meeting at the government headquarters in the New Capital with a high-level del…