Zenith Group to build $300M tire components plant in Egypt

China's Zenith Group signed an agreement with the Egyptian government to invest $300 million in a tire components manufacturing project in the Sokhna Industrial Zone. The facility will produce 120,000 metric tons of steel cord and 50,000 metric tons of bead wire annually, creating about 1,000 jobs.

“The project reflects the authority’s strategy of attracting advanced heavy industries and localizing higher-value manufacturing.”forbesmiddleeast.com

• 1 source
• forbesmiddleeast.comChina’s Zenith Group To Build $300M Tire Components Plant In EgyptYasmeen Elsayed, Syed Saadain Gardazi, Samra Ahmed, Joyce Abaño, Cherry Aisne TrinidadJul 1, 2026

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