Foundation stone laid for Kaimidi Chemical Egypt factory in Sokhna
Updated 9/22/2024 1:21:00 AM
Arab Finance: The Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dein has witnessed the laying of the foundation stone for the Kaimidi Chemical Egypt factory in Sokhna, as per a statement.
The factory will be established within the Teda-Egypt integrated industrial zone, covering an area of 60,000 square meters, with a total investment of $30 million.
The Kaimidi Chemical Egypt project is targeted to become the largest producer of calcium hypochlorite in both Egypt and Africa, with an expected annual output of over 40,000 tons.
The project will be executed in two phases, with the first phase slated to begin production by May 1st, 2025.
Additionally, the factory is expected to create more than 100 direct job opportunities.
During the ceremony, Gamal El-Dein expressed optimism about the project, noting its potential to enhance the success of the SCZone and further strengthen Chinese investments in Egypt.
He also highlighted that the partnership has already attracted over 160 companies, with total investments exceeding $2 billion, generating approximately 50,000 jobs.
It is worth noting that Kaimidi Chemical Group, known for its production of chlorine-based disinfectants and fine chemicals, will leverage technical support from Nankai University in China.
The company already operates multiple production bases globally, with an output exceeding 120,000 tons, positioning it as a leading player in the calcium hypochlorite market.
Related News
