Japan's SARAYA to Inaugurate 3 Factories at Egypt's SczoneSource: www.export-egypt.com 6/25/2024, Location: Africa |
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Japan's SARAYA for sanitation and health products will inaugurate an industrial complex, comprising four factories worth $12 million, at the Suez Canal Economic Zone (SCzone) and whose production will be targeted at both the local and global markets.
Prime Minister Mostafa Madbouli received Monday SARAYA's chairman who expressed interest in other business sectors also in the SCzone. The complex – located in the section lying in Ain Sokhna – spans over 20,000 square meters. The first phase, which began pilot operation in 2023 and will be officially inaugurated tomorrow, stretches on 8,000 square meters. It encompasses a factory for jojoba oil extraction and its production is targeted at Asian and European markets. That is in addition to a second for natural cosmetics, and a third for zero-calorie sugar substitutes. The rest of the surface area will enter service within the second phase as it will house a factory for non-sterile nitrile gloves mainly targeting to fulfill local needs substituting imports. The targeted annual size of production for each factory is 100 tons of jojoba oil, 100,000 tons of cosmetics, 50 tons of zero-calorie sugar substitutes, and five million boxes of non-sterile nitrile gloves. SARAYA was founded in 1952, runs 15 factories globally, and is present in 30 countries. |
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