Egypt’s Suez Canal Economic Zone (SCZone) has partnered with TEDA Egypt to launch the new environment-friendly fabrics and textiles factory in the Sokhna Industrial Zone.
The factory is to produce high-quality and environment-friendly fabrics and clothing using smart manufacturing methods.
TEDA-Egypt in the Sokhna zone has over 130 industrial and service facilities with investments of $1.6 billion. The factory is spanning an area of 145,000 square meters.
The project will be built over three phases: the first phase is to be completed in 2023 and the whole project to be finalized by the end of 2024.
The factory will have a production capacity of about 50,000 tonnes of eco-friendly textiles and eight million pieces of seamless clothing per year. The total investment of the company will hit $60 million, and its estimated sales volume is $150 million.
The factory came in line with SCZONE’s strategy for sustainable development and a green economy; it will export its products to the European and American markets. The Deputy Chairperson of TEDA China-Africa, Lee Seng Chen said that the company specializes in polyester fabrics, dyeing, and printing on polyester textiles, with a total production capacity of 10 million pieces per year.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
