Media ININ Economy We Trust
Media In – Cairo 4 June 2018
The Ministry of Trade and Industry is preparing to open 3 new factories in the 6th of October City, belonging to the Unionaire Group of companies, including washing machines, refrigerators and television screens.
At the same time, Engineer Tarek Qabeel, Minister of Trade and Industry, is laying the foundation stone of the latest industrial complex of the Unionaire Group for the production of household appliances for export with a total investment of one billion pounds. The products of the complex include washing machines, refrigerators, air conditioning and stoves.
In a press statement published on the ministry’s website, Cain stressed keenness to deepen the national industry by increasing the percentage of the local component in the locally manufactured products, thus contributing to increasing the added value of Egyptian products in the local and foreign markets. To 71%, which achieves the objectives of the Ministry’s strategy to deepen the national industry.
For his part, Eng. Mohamed Fathy, Chairman of Unionaire Group, said that the Group has developed an ambitious plan to enhance its presence in the Egyptian market. About LE 1.5 billion has been injected into the new 3 factories, Where the total production of the washing machine to 300 thousand washing machine during the first phase of operation and the refrigerator factory to 250 thousand refrigerators in the first phase of up to 500 thousand refrigerator when the second stage, while the production of the television screens to 750 thousand screen annually, and will provide the three factories about 1500 Job opportunity directly
