World Courant
Holy gobain Breaks floor for its third glass manufacturing facility in Egypt’s Sokhna zone and invests €175 million in a 200,000 m² facility within the presence of Waleid Gamal al-Dien, Chairman of the Normal Authority for the Suez Canal Financial Zone (SCZONE)Eric Chevallier, French Ambassador to Cairo, and Hadi Nassif, CEO of Saint-Gobain for the East Mediterranean and Center East cluster.
The plant is predicted to provide 10 megawatts of energy and also needs to assist cut back CO2 emissions by round 6,000 tonnes.
“I’m happy to witness the groundbreaking of a brand new mission for the French firm Saint-Gobain, which represented the good collaboration between SCZONE and French investments. The glass manufacturing mission is a crucial want and may very well be one of many complementary industries inside Egypt’s plans to find the automotive trade within the East Port Stated industrial zone,” al-Dien mentioned.
“SCZONE, amongst many different industries, additionally collaborates with French investments within the manufacturing of inexperienced fuels and within the area of logistics, which confirms the depth of the relationships and customary financial objectives, whether or not in manufacturing or practices which are in step with clear vitality and sustainable product manufacturing. . The strong infrastructure, port growth, expert technical workforce and availability of vitality sources are the largest supporting funding incentives, along with direct monetary incentives. I vastly appreciated that the manufacturing facility’s plan to export 60 p.c of manufacturing is consistent with Egypt’s objectives to assist exports and obtain $100 billion in exports.” al-Deen added.
Chevallier echoed this sentiment: “I’m very joyful to be in SCZONE, which allowed me to see the size of the event and I’ll go to once more to find extra in regards to the tasks. This occasion helps what the presidents of Egypt and France wish to obtain and confirms the depth of relations between the 2 nations.”
“The development of this new manufacturing facility is proof of the widespread financial visions, as Egypt is a crossroads for the Arab world and Africa. The solar energy plant represents the joint work that may be achieved in lowering emissions and constructing the longer term by means of the trade of experiences, analysis and expertise switch.” mentioned Chevallier.
Nassif defined: “The muse stone for the manufacturing facility and solar energy plant displays Saint-Gobain’s objectives to offer modern and sustainable constructing supplies and obtain Internet Zero by the 12 months 2050. The outstanding growth previously These years carry extra alternatives, particularly in gentle of Egypt’s efforts to spice up industrial manufacturing, create employment and develop native competencies.”
Saint-Gobain already operates a 190,000 sq. meter glass manufacturing facility and a ten,000 sq. meter mirror manufacturing facility throughout the Sokhna Built-in Industrial Zone, subsequent to the mission whose basis stone was laid on Thursday.
SCZONE marks €175 million milestone with groundbreaking new glass manufacturing facility and solar energy plant
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