Vice President of the Suez Canal Economic Zone for the Southern Sector, (SCZone) Mohamed Shaaban, opened a new mirror production line for Saint-Gobain in Ain Sokhna with an investment of €8m, as part of the company’s successes within the economic zone, and its expansion to cover its production in the Middle East and Africa.
Shaaban said that the production capacity of the new line of the Saint-Gobain plant is 900 tonnes per day (equivalent to 20 million metres annually) in addition to the allocation of 50% of this production for export, which is of great benefit to the SCZone. This confirms the role of the region toward regional investors in the benefit of international companies of the investment advantages it provides.
Chairperson of the company, Ahmed Tawfik, said that Saint-Gobain Egypt Glass has the largest flat glass production line in the Middle East and Africa. The mirror factory is the first of its kind with high technology and uses environmentally-friendly components which enhances the company’s success.
He pointed out that the SCZone provided investment facilities and incentives to the company until it opened this factory to meet the needs of overseas markets.
The inauguration was attended by Governor of Suez, Abdel Meguid Saqr, Stephen Rumatte, ambassador of France, and Head of the Central Department for the Promotion Sector at the General Investment Authority, Mohamed Youssef.
Saint Gobain Glass Egypt has the largest flat glass production line in the Middle East and Africa, and is one of the top 100 industrial groups around the world. With 354 years of experience, it is vital in providing innovative solutions to the needs of the building materials market. It saves on energy use and conserves environment resources.
French investments totalled €140m, and the entire sales of the company amounted to EGP 1bn.