Madbouly inaugurates Flex PET Egypt factory with $175M investment

Updated 2/27/2025 3:24:00 PM
Madbouly inaugurates Flex PET Egypt factory with $175M investment

Arab Finance: Prime Minister Mostafa Madbouly inaugurated the Flex PET Egypt factory for manufacturing polyethylene terephthalate (PET) polyester resin, as per a statement.

Following the inauguration, Madbouly listened to a briefing from Ram Sagar, a board member, who outlined the factory’s operations.

He noted that the facility, built on 125,000 square meters, has an investment cost of $175 million and an annual production capacity of 580 metric tons, creating 850 direct and indirect jobs.

He also reviewed the company's current and upcoming investments in Egypt.

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