Arab Finance: Prime Minister Mostafa Madbouly inaugurated the factory of Alex Panel, an insulation panels manufacturing company, today during his visit to the Suez Canal Economic Zone (SCZone), as per a statement.
Following the inauguration, Madbouly listened to a briefing from Chairman Magdy Hosny, who described Alex Panel as a pioneer in Egypt and the Middle East’s insulating panels industry.
He explained that the project spans 31,336 square meters, with an investment of EGP 700 million.
The factory has an annual production capacity of one million square meters of polyurethane panels and 1.1 million square meters of rock wool panels, creating 120 jobs.