Arab Finance: In response to the directives of the Egyptian government to establish new factories to fill the local production gap and promote local manufacturing within the state's strategy to localize the technology industry, Dr. Grish on the pumping of investments worth 500 million Egyptian pounds (about 10 million US dollars) to develop and establish a new industrial complex specializing in the manufacture of car glass, on an area of ​​25 thousand square meters, as an extension of the factories complex in the tenth of Ramadan City, according to the statement sent on April 14.
The complex is scheduled to be the latest of its kind in the Middle East and North Africa by 2026.
This project represents a strategic step towards localizing the auto industry in Egypt, and also enhances the position of the group. Grish as one of the leading companies in the region, thanks to its ability to meet the needs of original equipment (OEM) at local, regional and international levels.
It is expected that the actual production of the industrial complex will start in the last quarter of 2026, to effectively contribute to supporting the auto sector locally and internationally, in light of the lack of a lack of vital products.
Engineer Shahir Grish, Managing Director of the Group of Companies, stated. Greesh, that the factory will be equipped with the latest production lines and smart technologies imported from Italy, Spain, Switzerland and China, to process the heat car glass according to the highest international quality standards.
He pointed out that among the modern technologies that are introduced to the region for the first time is the digital printing to meet the requirements of the original manufacturers (OEM) and footballing, as well as the possibility of processing the glass with small thicknesses of up to 2.1 mm, which meets the needs of the electric car industry in terms of weight reduction and energy consumption.
Regarding human resources, Eng. Shahir Grish explained that the new factory will provide more than 500 direct job opportunities, including engineers, technicians and administrators, as well as about 150 indirect job opportunities, in a move that enhances local development and supports the national economy.
He added: “This new factory will double the annual production capacity of the rear glass units, which enables us to produce one million rear glass annually. This development will help us meet the needs of car manufacturers around the world, especially the rear and side thermal glass for buses of all sizes.”
He also explained that about 50% of the factory production will be allocated to the local market in Egypt, whether for car manufacturers (OEM) or after -sales markets, while the rest will be exported to the markets of the Gulf, Europe and the United States, within the services of after -sales and the installation sector, thanks to the diversity of ready -made models for delivery.
He pointed out that the group aims from this giant investment to manufacture innovative types of glass that has not previously been produced in the Middle East and North Africa region, such as thermal ceilings of modern cars, and the complex rear glass in its manufacture and processing, such as “Solar” glass, which is in line with the requirements of green transport and global environmental trends.
At the end of his speech, Eng. Grish stressed that the project will play a vital role in supporting the fixtures locally, and providing the needs of the company's branch network and accredited distributors, which contributes to reducing imports and relieving pressure on the foreign currency by enhancing local manufacturing.
This step is a real reflection of the Egyptian state's direction towards localizing the auto industry as a strategic sector, which would support the national economy, enable local investments to expand, and enhance the position of the Egyptian product locally and globally.
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