Tarek Kabil inaugurating new factories in Sohag - Youm7
CAIRO – 8 April 2017: Minister of Trade and Industry Tarek Kabil inaugurated five new factories in the Upper Egyptian governorate of Sohag Saturday morning, with total investments of 185 million EGP and providing up to 500 job opportunities,
The five factories will operate in producing desert air-conditioners, compressed wood, fodder and plastic products.
The first factory will manufacture compressed wood from corn stalks with investments totaling 100 million EGP, the minister said, adding that it can provide 180 direct jobs and 3,600 seasonal opportunities.
This is the first factory in Egypt, the Middle East and Africa to produce compressed wood from agricultural waste to be then used for making furniture, Kabil noted.
The second factory will produce chicken and cattle fodder with total investments of 15 million EGP, providing about 25 direct jobs, he said.
The third and fourth factories operate in manufacturing bags and plastic sacks with investments of 50 million EGP. They both are expected to help 130 citizens have work, the minister indicated.
Speaking of the fifth project, Kabil went on to say that a new production line was opened to produce desert air-conditioners. He added that the project targets the production of nearly 150,000 devices per year, with investments totaling 20 million EGP and providing about 160 direct jobs.
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