Sailun started building a plant in Egypt

On September 10, in the Suez Canal Economic Zone (SCZONE), a ceremony was held to lay the foundation stone for a new tire plant of the Chinese company Sailun, which will supply products to both local and international markets.

The complex will cover an area of 350,000 m2, and it is planned to invest around $1 billion in the new production, making it one of the largest industrial projects with Chinese investment in Egypt. The project is to be implemented in three stages over three years, and in the first stage, the plant will be able to produce 3 million passenger and 600,000 truck tires. The first phase is scheduled to be launched in 2026, and it is expected to create around 1,500 new jobs. After reaching full capacity, the plant will produce more than 10 million tires.

As noted by Walid Gamal El-Din, Chairman of the Board of SCZONE, the new project is an important part of the localization of the automotive industry and related supply chains, which meets Egypt's national strategy. "The project reflects our desire to create integrated industrial clusters that will make SCZONE a leading regional platform in this vital sector," he said.

According to him, SCZONE is attracting increasing attention from international investors due to its strategically advantageous geographical location, accessibility of benefits, and developed infrastructure integrated with sea ports. "The new plant will not only increase the production of high-value products and create hundreds of direct and indirect jobs but also become an important step towards increasing Egypt's competitiveness in the global automotive industry," Walid Gamal El-Din said.

Sailun currently has production facilities in China, Vietnam, Mexico, and Indonesia, and another tire plant in Egypt is also planned to be built by the Chinese company Chaoyang Long March Tyre.

Photo: sczone.eg