China's home appliance giant Haier inaugurates industrial park in Egypt

China's home appliance giant Haier inaugurated Thursday its first industrial park in Egypt in 10th of Ramadan, a city northeast of Cairo.

Haier Smart Home Co. Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.

Once fully built, it will cover an area of 200,000 square meters with an annual planned production capacity of more than 1.5 million units of home appliances.

Song Yujun, a vice president at Haier Smart Home overseeing its ecosystem platform, said at the opening ceremony that the park, at its planned capacity, will not only meet Egypt's market demands but can be export-ready to neighboring markets.

Trial production is in the swing in the first phase of the industrial park with air-conditioners, televisions and washing machines rolling off the line, Haier Egypt General Manager Ahmed Mossad El Gendi told Xinhua during a media tour at the plant.

.

Keep Reading

•  Finance Act 2023 was illegally enacted, Azimio and 40 groups tell court
•  AG, Treasury plead with apex court to allow Ruto collect tax
•  Relief for Ruto as court unlocks Finance Act 2023
•  Empty promises crush dreams of KCSE star to pursue medicine course
•  Fuel prices remain unchanged as regulator ignores court ruling on VAT