China-Egypt non-woven fabric project held foundation ceremony
By China textile machinery (Group)
The foundation stone laying ceremony of Egypt China textile machinery non-woven fabric Co. , Ltd. , which was jointly invested by the company and Jinlang Enterprise Co. , Ltd. for US $12. 5 million, was held recently in the northwest economic zone of suishi Bay, Egypt.
Wei Jianguo, vice minister of commerce of China, said at the foundation stone laying ceremony that the China Textile machinery non-woven fabric project originated from the strategic concept of the leaders of China and Egypt and was a positive attempt by the two sides to carry out various forms of cooperation and build economic strategic partnerships.
Chinese enterprises can make full use of Egypt's geographical and resource advantages and various trade arrangements with Europe, the United States and Arab countries to invest and build factories in Egypt and export their products to the surrounding markets, we can also solve the employment of Egyptian workers by transferring technology and training talents to Egypt, so as to achieve complementary advantages and win-win results in cooperation.
It is reported that Egypt's China textile machinery non-woven fabric project can produce 6000 tons of non-woven fabric and 3 million non-woven fabric products annually after it is put into production.
More than 70% of the project products will be exported to Europe, the United States and Middle East countries.
After the completion of the project, it can solve 900 jobs in Egypt and comprehensively improve Egypt's technology in non-woven fabric production. (
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