Project: Cast Iron Pipes & Steel Products Production Plant
Value: USD 2,000,000,000
Client: Xinxing Ductile Iron Pipe Company
Website: www.xinxing-pipes.com
China’s Xinxing Ductile Iron Pipe Company is planning to invest up to $2bn in Egypt’s Suez Canal Economic Zone (SCZONE) to establish a production plant for cast iron pipes and steel products.
The plant would be built over an area of 1.7 million square metres in TEDA Suez (China-Egypt TEDA Suez Economic and Trade Cooperation Zone), which is located within SCZONE in Ain Sokhna. The project, with an annual production value worth $2.6bn, is expected to create 2,100 jobs.
The cast iron production facility will be set up during Phase 1 at a total investment of $150m. It would be built over an area of 250,000sq m with annual production capacity of 250,000 tonnes, production value of about $1.2bn per year and employ 616 workers. The steel products plant would be built during Phase 2 at a total investment of about $1.8bn. The export-oriented project, spread over an area of 1.45 million sq m, will have a production capacity of 2 million tonnes annually, employ 1,500 people and have an annual production value of about $1.4bn.
