China Glass Holdings Co., Ltd. has initiated construction on a substantial new glass production facility in northeastern Egypt, signifying a significant investment in the region’s manufacturing capabilities and bolstering the growing economic partnership between China and Egypt.
The 2.23-billion-yuan ($310 million) project represents a considerable commitment to expanding the glass industry within Egypt and the surrounding North African market.
Located within the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA), approximately 120 kilometers east of Cairo, the sprawling 500,000 square meter facility is strategically positioned for optimal logistics and access to regional markets. Upon completion, projected for the end of 2025, the plant will boast a daily production capacity of 1,000 tons of float glass and 800 tons of ultra-clear rolled photovoltaic glass. This impressive output is expected to generate approximately 1,000 new jobs, providing a substantial boost to local employment and economic growth.
The project aligns perfectly with Egypt’s national development strategy. Waleid Gamal El-Dein, chairman of the General Authority of Egypt’s Suez Canal Economic Zone, highlighted the facility’s contribution to advancing the Egyptian glass industry, supporting renewable energy initiatives through photovoltaic glass production, reducing reliance on imports, and generating valuable foreign currency. This multifaceted impact underlines the project’s significance for Egypt’s economic diversification and self-sufficiency.
Cai Guo, vice president of China Glass Holdings, confirmed the project’s timeline, reiterating the company’s commitment to delivering the facility on schedule. Li Daixin, chairman of China-Africa TEDA Investment Co., Ltd., emphasized the plant’s role in modernizing Egypt’s glass production capabilities, enhancing the competitiveness of Egyptian-made glass products both domestically and internationally. The anticipated increase in the supply of energy-efficient construction materials and advanced glass products will cater to the burgeoning demand within Egypt and neighboring countries.
This landmark project underscores the increasingly strong collaboration between China and Egypt in fostering industrial development and economic growth. It serves as a powerful example of successful foreign direct investment, contributing to sustainable development and technological innovation within the North African region. The facility’s focus on both traditional and advanced glass products positions it for long-term success and demonstrates a shared commitment to building a more prosperous future for both nations.
Source:china.org with additional information added by GlassBalkan
