# Flex Accipto to expand packaging plant in Sokhna SCZONE with $120M Orascom deal

Flex Accipto, a UFlex Group subsidiary, signed a $120 million deal with Orascom Industrial Parks to expand its packaging plant on a 150,000 square metre area in Sokhna within the Suez Canal Economic Zone. The signing was witnessed by the SCZONE chairman on 20 June 2023.

- Type: Expansion
- Announced: 2023-06-20
- Where: Sokhna, Suez Canal Economic Zone, Egypt
- Value: $120.0M
- Status: announced
- Products: flexible packaging, containers for dairy products, juice packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Flex Accipto](https://endata.com/companies/10694.md)
- [Orascom Industrial Parks](https://endata.com/companies/10695.md) (partner)

## Sources

- [english.ahram.org.eg](https://english.ahram.org.eg/News/503405.aspx), 2023-06-20: "The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant in Sokhna"

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