# Egypt's Ibda initiative signs deal with Coperci for first gas safety valve plant

Egypt's Ibda initiative signed a shareholder agreement with Spain's Coperci, part of Mondragon group, to set up Egypt's first gas safety valve factory with capacity of 15 million valves and an investment of about $6.7 million, scheduled to open in April 2023.

- Type: Partnership
- Announced: 2022-12-13
- Where: Egypt
- Value: $6.70M
- Status: announced
- Capacity: 15 million valves
- Products: gas safety valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ibda](https://endata.com/companies/10000.md)
- [Al Arabi Group](https://endata.com/companies/9714.md) (partner)
- [Coperci](https://endata.com/companies/10001.md) (partner)
- [Fresh Electric](https://endata.com/companies/10002.md) (partner)

## Sources

- [gomhuriaonline.com](https://www.gomhuriaonline.com/1181770), 2022-12-14: "إنشاء أول مصنع لتصنيع صمام أمان الغاز في مصر، بطاقة انتاجيةُ تقدر ب 15 مليون صمام"

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