Chinese feed equipment manufacturer Muyang Group is targeting revenues worth US$150 million from its businesses in Egypt this year, representative of the Chinese firm in Egypt said Sunday.
Mohamed Aboul Magd further told Amwal Al Ghad that Muyang plans to commence the operation of its first plant in the country, in Ain Sokhna, around 55 km south of Suez, within two months. The plant is set to be with a capacity to produce 6,000 tonnes of metal structures per year, he added.
Muyang also plans to manufacture silos with a storage capacity up to 5 million tonnes per year, Aboul Magd stated.
Moreover, Aboul Magd said Muyang Group is looking forward to participating in the Egypt’s anticipated global logistics centre for the handling and storage of grain and food commodities in the current period.
Found in 1967, Muyang is an integrated solution provider of plants, equipment and services in the fields of feed manufacturing, grain milling, grain handling and storage, environment protection, food processing, steel structure building as well as industrial automation.