Latest news with #ChangzhouRamada
Zawya
a day ago
- Business
- Zawya
Egypt: SCZone, China's Changzhou Ramada ink $22.6mln deal for Qantara West clothing plant
Arab Finance: The General Authority of the Suez Canal Economic Zone (SCZone) has signed a contract with China's Changzhou Ramada Co. Ltd. to establish a homeware and clothing manufacturing plant in Qantara West, with investments amounting to $22.6 million, as per a statement. Spanning 80,000 square meters, the factory will create 1,500 direct jobs and is designed to produce 5,000 tons of fabrics, four million home cover sets, and one million car carpet sets annually, with 90% of output targeted for export. SCZone's Chairman Waleid Gamal El-Dien said the Qantara West Industrial Zone has so far attracted 32 projects worth a combined $822.2 million, covering approximately 2.097 million square meters and offering 45,600 direct jobs. The zone is being developed as an integrated base for textiles, ready-made garments, and accessories, with a strong export focus leveraging the strategic location and integration of industrial areas with ports. He added that the authority continues to work on attracting investments in priority sectors to localize supply chains and deepen manufacturing, particularly in textiles, from raw materials to finished products for global brands. Several factories and infrastructure projects in Qantara West are set to open soon, supported by skilled labor and investment incentives. He noted that Egypt's political and economic stability has boosted investor confidence, positioning the economic zone as a preferred investment destination. Founded in 2016 in Jiangsu province, Changzhou Ramada specializes in an integrated industrial chain covering raw materials such as polyester fabrics through to finished textile products, including blankets, carpets, quilts, and clothing fabrics. The company produces more than 10 types of home textile fabrics and over 80 varieties of apparel fabrics. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
China's Changzhou Ramada invests $22.6mln in textile manufacturing at Qantara West
Egypt - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China's Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial Zone. The $22.6m (EGP 1.130bn) investment will focus on the production of home textiles and apparel, creating 1,500 direct jobs. The new project, set to occupy an 80,000 sqm plot, is designed to produce around 5,000 tonnes of fabric annually, alongside 4 million sets of bed linen and 1 million car carpet sets. With 90% of production earmarked for export, the facility is poised to play a significant role in expanding Egypt's textile export capacity. Gamal El-Din emphasized that this is part of a broader effort by SCZONE to foster industrial growth in the region. To date, the authority has signed binding contracts for 32 projects within the Qantara West Industrial Zone, with total investments exceeding $822.2m. These projects span approximately 2,097,400 sqm and are expected to generate 45,600 direct jobs. 'These projects are primarily geared toward exporting the bulk of their production to global markets, capitalizing on the SCZONE's strategic location as a vital link between continents,' said Gamal El-Din. 'Our integrated industrial zones and ports make it easier for companies to connect with international markets, and this approach has proven successful in boosting export-oriented industries, particularly in the textiles sector.' The SCZONE Chairman also highlighted ongoing efforts to attract more investment to targeted sectors. He pointed to the imminent launch of several key projects in Qantara West, which will include both manufacturing facilities and essential infrastructure, further strengthening the zone's appeal. Along with a skilled local workforce, the SCZONE offers investors attractive incentives, reinforced by Egypt's political and economic stability, which continues to build confidence in the region as a premier investment destination. Founded in 2016 in Jiangsu Province, China, Changzhou Ramada Blanket Industry Co. Ltd. is a leading manufacturer with an integrated supply chain covering everything from raw materials like polyester filament fabric to finished products such as blankets, carpets, quilts, and bathrobes. The company specializes in the research, development, production, and sale of home textile products, with a portfolio that includes over 10 types of fabrics and more than 80 varieties of apparel fabrics. This new venture in Qantara West marks a significant step in the expansion of Egypt's textile sector and further strengthens its position in global textile manufacturing and export.
Daily News Egypt
a day ago
- Business
- Daily News Egypt
China's Changzhou Ramada invests $22.6m in textile manufacturing at Qantara West
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China's Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial Zone. The $22.6m (EGP 1.130bn) investment will focus on the production of home textiles and apparel, creating 1,500 direct jobs. The new project, set to occupy an 80,000 sqm plot, is designed to produce around 5,000 tonnes of fabric annually, alongside 4 million sets of bed linen and 1 million car carpet sets. With 90% of production earmarked for export, the facility is poised to play a significant role in expanding Egypt's textile export capacity. Gamal El-Din emphasized that this is part of a broader effort by SCZONE to foster industrial growth in the region. To date, the authority has signed binding contracts for 32 projects within the Qantara West Industrial Zone, with total investments exceeding $822.2m. These projects span approximately 2,097,400 sqm and are expected to generate 45,600 direct jobs. 'These projects are primarily geared toward exporting the bulk of their production to global markets, capitalizing on the SCZONE's strategic location as a vital link between continents,' said Gamal El-Din. 'Our integrated industrial zones and ports make it easier for companies to connect with international markets, and this approach has proven successful in boosting export-oriented industries, particularly in the textiles sector.' The SCZONE Chairman also highlighted ongoing efforts to attract more investment to targeted sectors. He pointed to the imminent launch of several key projects in Qantara West, which will include both manufacturing facilities and essential infrastructure, further strengthening the zone's appeal. Along with a skilled local workforce, the SCZONE offers investors attractive incentives, reinforced by Egypt's political and economic stability, which continues to build confidence in the region as a premier investment destination. Founded in 2016 in Jiangsu Province, China, Changzhou Ramada Blanket Industry Co. Ltd. is a leading manufacturer with an integrated supply chain covering everything from raw materials like polyester filament fabric to finished products such as blankets, carpets, quilts, and bathrobes. The company specializes in the research, development, production, and sale of home textile products, with a portfolio that includes over 10 types of fabrics and more than 80 varieties of apparel fabrics. This new venture in Qantara West marks a significant step in the expansion of Egypt's textile sector and further strengthens its position in global textile manufacturing and export.
