Loading…
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.
Taiwanese firm Richy, with Egypt's Al Arabi Group, plans an air conditioner compressor plant in the Kom Abu Radi industrial zone in Beni Suef, Egypt, with total investment of $33 million and a capacity of 6 million compressors per year. Production is planned to start in 2024.
