Flex-Egypt to build $110M PET factory in Ain Sokhna

Flex-Egypt, an Indian-Egyptian partnership, launched a $110 million polyethylene (PET) factory in Ain Sokhna, Egypt. The plant will have a production capacity of 30,000 tons per month, with the first phase starting in H1 2024 and the second in mid-2025, creating over 700 jobs.

“We appreciate the presence of Indian investments in the industrial zone in Sokhna, and the presence of the Flex factory within the industrial developer Orascom for Industrial Zones.”english.ahram.org.eg

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• english.ahram.org.egEgyptian Indian partnership launches $110 mln factory in Ain Sokhna - Tech - Business - Ahram OnlineApr 9, 2023

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