Saturday 19 Oct
Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone Authority (SEZONE), presided over the groundbreaking ceremony for the "Chemdy Egypt for Chemicals" factory within the Chinese industrial developer Teda-Egypt. The factory is located in the integrated industrial zone in Sokhna.
The project covers an area of
60,000 square meters and has a total investment of 30 million US dollars. It
aims to produce over 40,000 tons of calcium hypochlorite annually. The project
will be implemented in two phases, with the first phase expected to be
completed and commence production on May 1, 2025. The project is anticipated to
create more than 100 direct job opportunities.
The ceremony was attended by Chao
Hui, Managing Director of Tida Egypt for the Development of the Special
Economic Zone, Cho Ji Feng, Managing Director of Tida Egypt for Investment, Jiang
Hong Chao, Executive Director of Chemdy Company, and several other executive
leaders from the authority.
In his speech at the
groundbreaking ceremony, Gamal El-Din expressed his enthusiasm for laying the
foundation stone for the Chemdy factory. He highlighted that this project
contributes to the ongoing success story of the SEZONE and Chinese investments,
which have become a model for international economic cooperation.
So far, this partnership has
attracted over 160 companies with a total investment of 2 billion US dollars,
creating approximately 50,000 job opportunities.
He confirmed that a recent
promotional tour in China resulted in the signing of contracts for 6 new
projects. These projects have a combined investment exceeding 1.067 billion
dollars and cover a total area of 1.2 million square meters. They focus on
deepening cooperation in the fields of energy production, glass manufacturing,
bromine, caustic soda, and other sectors that complement the Chemdy project.
These initiatives represent a significant leap in the manufacturing of fine
chemical products, aligning with the Egyptian state's strategy to localize
targeted industrial sectors.
He also emphasized the Suez Canal Economic Zone's aspiration for the Chemdy Egypt for Chemicals project to become the largest base for the production of calcium hypochlorite in Egypt and Africa.
It's noteworthy that the Chemdy Group specializes in the production of chlorine-based disinfectants and related fine chemicals. The company leverages technical support from Nankai University in China and operates 3 production bases in Dalian, Binzhou, and Taiwan, among others. Additionally, it maintains 3 production bases outside of China, with a combined annual production exceeding 120,000 tons. This makes Chemdy the world's largest producer of calcium hypochlorite, exporting its products to Russia, Eastern Europe, the Middle East, Africa, Southeast Asia, and South America.
