Chinese tire manufacturer Jiangsu General Science Technology Co., Ltd. is strengthening its international presence with major investments in Egypt and Cambodia, further expanding its global manufacturing network and production capacity.
Jiangsu General Science has announced plans to invest up to US$295 million in a new tire manufacturing facility in Egypt's Sokhna Industrial Zone, located within the Suez Canal Economic Zone.
According to the company's October 30 stock-exchange filing, the proposed facility will have an annual production capacity of 6 million PCR tires and 800,000 TBR tires.
The project, approved by the company's board on October 29, will be developed through a proposed local subsidiary, General Rubber (Egypt). Construction is expected to take approximately 36 months, although a starting date has not yet been announced.
Once operational, the facility is projected to generate approximately RMB 2 billion in annual revenue and RMB 204 million in net profit, according to the company's feasibility estimates.
The Egyptian facility will become Jiangsu General Science's third overseas manufacturing base, following its investments in Thailand and Cambodia. The project remains subject to regulatory approvals in both China and Egypt.
Alongside its Egyptian investment, Jiangsu General Science plans to invest approximately RMB 112.3 million (US$16 million) to expand its existing tire manufacturing facility in Cambodia's Sihanoukville Special Economic Zone.
The expansion is expected to add 1.2 million passenger car tires in annual production capacity, with construction anticipated to take approximately 12 months.
Combined, the two projects are designed to add 8 million tires in annual production capacity, reflecting the company's commitment to expanding its international operations and strengthening its position in global tire markets.
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Jiangsu General Technology Co., Ltd.
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