# SND Foundry to invest $2B in iron and steel plants in Egypt's SCZONE

China's SND Foundry Ductile Iron Pipe Company plans to invest US$2 billion in Egypt's Suez Canal Economic Zone to build a cast iron pipe plant (Phase I, $150M, 250,000 t/yr) and a steel products plant (Phase II, $1.8B, 2M t/yr).

- Type: New facility
- Announced: 2023-11-15
- Where: Ain Suez, Suez Canal Economic Zone, Egypt, Egypt
- Value: $2.00B
- Jobs: 2,116
- Status: announced
- Capacity: Phase I: 250,000 t/yr; Phase II: 2,000,000 t/yr
- Products: cast iron pipes, steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SND Foundry Ductile Iron Pipe Company](https://endata.com/companies/73779.md)

## Sources

- [sndfoundry.com](http://www.sndfoundry.com/news/an-emerging-chinese-company-plans-to-invest-us2-billion-in-iron-and-steel-projects-in-egypt/), 2023-11-15: "An emerging Chinese company plans to invest US$2 billion in iron and steel projects in Egypt."

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