# 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.

- Type: New facility
- Announced: 2023-04-09
- Where: Ain Sokhna, Suez Canal Economic Zone, Egypt
- Value: $110.0M
- Jobs: 700
- Starts operating: Q1 2024
- Status: under construction
- Capacity: 30,000 tons per month
- Products: polyethylene (PET)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Flex-Egypt](https://endata.com/companies/69629.md)
- [Orascom for Industrial Parks](https://endata.com/companies/69630.md) (partner)

## Sources

- [english.ahram.org.eg](https://english.ahram.org.eg/NewsContent/3/1239/495452/Business/Tech/Egyptian-Indian-partnership-launches--mln-factory-.aspx), 2023-04-09: "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."

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