# 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.

- Type: New facility
- Announced: 2026-07-01
- Where: Sokhna Industrial Zone, Suez Canal Economic Zone, Egypt
- Value: $300.0M
- Jobs: 1,000
- Status: announced
- Capacity: 120,000 metric tons of steel cord and 50,000 metric tons of bead wire per year
- Products: steel cord for tires, bead wire for tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Zenith S.p.A.](https://endata.com/companies/1362.md)

## Sources

- [forbesmiddleeast.com](https://forbesmiddleeast.com/industry/business/chinas-zenith-group-to-invest-$300-million-in-egypt-tire-components-plant), 2026-07-01: "The project reflects the authority’s strategy of attracting advanced heavy industries and localizing higher-value manufacturing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.