China’s Zenith Steel Group, a subsidiary of Zhongtian Group, has signed an agreement to develop a tyre-components manufacturing facility within the China–Egypt TEDA industrial zone in Sokhna, part of the Suez Canal Economic Zone (SCZone).
The project will involve total investments of $300 million and will cover approximately 320,000 square metres in the Sokhna Industrial Zone, according to SCZone Chairman Walid Gamal El-Din.
The facility will feature advanced production lines with an annual capacity of 120,000 tonnes of steel cord used in tyre manufacturing, alongside 50,000 tonnes of bead wire.
Around 30% of the project’s total output is expected to be exported to markets across the Middle East, Europe, and the Americas, supporting Egypt’s efforts to strengthen its position as a regional export hub for advanced engineering components.
Gamal El-Din said the project is expected to enhance industrial integration within the China–Egypt TEDA zone by supporting existing tyre manufacturers and related industries. The development is also set to strengthen local supply chains, expand export capacity, and contribute to the localisation of modern technologies in advanced metal industries.
Be Social
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