Latest news with #Xinxing
Zawya
22-05-2025
- Business
- Zawya
China's Xinxing invests $150mln in ductile iron pipe plant in Egypt
Egypt - Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this week, visiting the newly established Chinese Xinxing factory for ductile iron pipe production. During his visit, Ismail inspected all stages of the manufacturing process—from the assembly of local components and smelting, to centrifugal casting, protective coating application, and final product testing. He was briefed by Xinxing officials on the company's global experience in large-scale infrastructure projects and its interest in partnering with Egyptian firms and entities affiliated with the Ministry of Housing. The Deputy Minister emphasized the strategic significance of the Xinxing plant, which aims to localize the production of ductile iron pipes—critical components in major national infrastructure and utility projects. By producing locally, the plant will help reduce reliance on imports, lower procurement costs, and support exports to African and Gulf markets. Xinxing representatives noted that the facility, located within the 'TEDA–Egypt' industrial zone in the Suez Canal Economic Zone, spans an area of 270,500 square meters. The total investment in the project stands at approximately $150m. The plant is expected to create 700 direct jobs and an additional 220 indirect employment opportunities. It boasts an annual production capacity of 250,000 tonnes of ductile iron pipes, with diameters of up to 2,600 mm, tailored to the specifications of various national projects. Ismail reaffirmed the Ministry's full support for the initiative, in line with Egypt's broader national strategy to expand domestic manufacturing capabilities and open new export markets across Africa and the Arabian Gulf. He also underscored the importance of competitive pricing and the prioritization of local content in procurement by government-affiliated bodies. 'These serious investments reflect the confidence of international companies in Egypt's industrial potential,' he said, expressing optimism about further opportunities for industrial cooperation across Egypt's 27 governorates and 44 new cities.
Daily News Egypt
21-05-2025
- Business
- Daily News Egypt
China's Xinxing invests $150m in ductile iron pipe plant in Egypt
Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this week, visiting the newly established Chinese Xinxing factory for ductile iron pipe production. During his visit, Ismail inspected all stages of the manufacturing process—from the assembly of local components and smelting, to centrifugal casting, protective coating application, and final product testing. He was briefed by Xinxing officials on the company's global experience in large-scale infrastructure projects and its interest in partnering with Egyptian firms and entities affiliated with the Ministry of Housing. The Deputy Minister emphasized the strategic significance of the Xinxing plant, which aims to localize the production of ductile iron pipes—critical components in major national infrastructure and utility projects. By producing locally, the plant will help reduce reliance on imports, lower procurement costs, and support exports to African and Gulf markets. Xinxing representatives noted that the facility, located within the 'TEDA–Egypt' industrial zone in the Suez Canal Economic Zone, spans an area of 270,500 square meters. The total investment in the project stands at approximately $150m. The plant is expected to create 700 direct jobs and an additional 220 indirect employment opportunities. It boasts an annual production capacity of 250,000 tonnes of ductile iron pipes, with diameters of up to 2,600 mm, tailored to the specifications of various national projects. Ismail reaffirmed the Ministry's full support for the initiative, in line with Egypt's broader national strategy to expand domestic manufacturing capabilities and open new export markets across Africa and the Arabian Gulf. He also underscored the importance of competitive pricing and the prioritization of local content in procurement by government-affiliated bodies. 'These serious investments reflect the confidence of international companies in Egypt's industrial potential,' he said, expressing optimism about further opportunities for industrial cooperation across Egypt's 27 governorates and 44 new cities.
Zawya
14-05-2025
- Business
- Zawya
China's Xinxing Ductile Iron Pipe signs $674mln projects in Egypt
Arab Finance: China-based Xinxing Ductile Iron Pipe Company inked four agreements at a combined value of EGP 34.5 billion for regional projects in Egypt and abroad, according to an official statement. Prime Minister Mostafa Madbouly witnessed the signing ceremony during the inauguration of Xinxing's ductile iron pipe factory within the China-Egypt TEDA zone in Ain Sokhna. The total cost of the contracts is divided into EGP 32.5 billion for national projects within Egypt, while the remaining $39 million is allocated for export. Xinxing's CEO Ye Maolin penned the four deals, which cover a total production volume of ductile pipes of various diameters and specifications exceeding 77,600 tons. Mohamed Elwy, Board Member of the Arab Contractors Company, inked the first agreement to supply 1,056 tons of ductile iron pipes for a water station project in the New Administrative Capital (NAC). The second contract was signed by Hesham Madkour, Executive Vice President at Madkour Group, and includes the supply of 27,769 tons of pipes for the Ministry of Housing's Janna project. Meanwhile, the third deal was signed by Ahmed Mustafa, Chairman of Hassan Allam Trading and Engineering, and covers the supply of 19,621 tons of ductile pipes for a project in Aswan. The fourth contract was signed by Ahmed Elabd, Chairman of Concord Engineering and Construction, to supply 29,162 tons for the 3rd Ring Road project in Makkah, Saudi Arabia. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Egypt Today
13-05-2025
- Business
- Egypt Today
Ductile pipes localized in Egypt, set for export after Xinxing factory inauguration in Sokhna
Sokhna Port - FILE CAIRO - 13 May 2025: Four contracts to supply Chinese company Xinxing's ductile iron pipe products to national projects within Egypt and Saudi Arabia, were signed Tuesday. On Tuesday, Prime Minister Mostafa Madbouly inaugurated the Xinxing ductile iron pipe factory, which totals $150 million in investment, in Sokhna industrial zone, a part of the Suez Canal Economic Zone. He attended the signing ceremony along with representatives of the Chinese Embassy in Cairo, Xinxing officials, and several Egyptian ministers and officials. The total cost of these four contracts amounts to EGP 34.5 billion, of which $39 million allocated for export. Madbouly said Egypt used to import such pipes, which are used in many infrastructure projects. Now that the industry has been localized in Egypt, it is expected to boost Egyptian exports.
Middle East
13-05-2025
- Business
- Middle East
OPEN// PM opens China's Xinxing factory with $150m investments
AIN SOKHNA, Egypt, May 13 (MENA) – Prime Minister Mostafa Madbouli has inaugurated China's Xinxing ductile iron pipes factory in the Suez Canal Economic Zone (SCZONE) with investments worth $150 million. The premier was accompanied by the ministers of transport and housing, Suez governor, head of the General Authority for Suez Canal Economic Zone, representatives of the Chinese embassy in Cairo, and officials of Xinxing Co. Madbouli said this project is important since it contributes to cutting imports of ductile pipes, which are used in several major national projects of infrastructure and housing. The project helps meet the needs of local and regional markets and increase exports, according to him. He lauded the government's efforts on attracting further investments in the Suez Canal Economic Zone to turn it into a pioneering logistics hub to back global supply chains. The premier was briefed about the factory, which is built over an area of more than 270,000 square meters with annual production capacity of 250,000 tons. The project contributes to creating 700 direct job opportunities and 220 indirect opportunities. (MENA) K F E/R E E
