Industry & Trade
China’s Goodsense to build $100 million aluminium factory in Egypt – minister
Published 2017-01-22 17:01:32| Amwal Al Ghad English
China's Guangzhou Goodsense Decorative Building Materials Co. Ltd. plans to establish a new factory in Ataqa in Suez with an Egyptian-Saudi-Chinese capital of $100 million to manufacture aluminium composite panels, Egyptian trade minister announced Sunday. Egyptian government will allocate a 16,000 square-metre area in the industrial zone of Ataqa in Suez Governorate, Minister Tarek Qabil said according to an official press statement by the ministry on Sunday. The factory will start actual operation within 9 months after its establishment, Qabil added. The Egyptian partner for the project is WellBond, which is an Egyptian-Saudi company manufacturing aluminium composite panel, currently produces 600,000 metres per year covering 8-9 percent of Egyptian market's needs, he stated. The Chinese company aims to "benefit from the available major competitive advantages represented in the [Egyptian] market that exceeds 90 million consumers, and also benefit from several free trade agreements signed between Egypt and several countries and main economic clusters worldwide, which allows for a production of goods at economical prices for more than 1.6 billion consumers," the statement reads.
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Ericsson announced Sunday the appointment of Wojciech Bajda as Head of Industry and Society Unit for Middle East region. Bajda will be responsible for capturing new market opportunities in new business areas Bajda will be responsible for driving business growth and capturing market opportunities within the Middle East region to drive business growth and capture market opportunities in new business areas with a special focus on Energy and Utilities, Public Safety and Security; and Intelligent Transport Systems, and Smart Cities.Bajda joined Ericsson in Poland in 2000 as a Sales Manager. During his seventeen-year tenure with the company, he has held many roles including Key Account Manager for T-Mobile, which was the biggest Ericsson account in Poland at the time. He started his international assignments in 2009 working with Orange and Millicom Accounts in Africa. Prior to joining Ericsson Region Middle East, Bajda led Ericsson’s business in Eurasia consisting of 11 countries from Belarus to Mongolia. In 2005, Bajda completed his MBA at the University of Bradford in the UK. Before joining Ericsson he obtained a Master of Science degree in Electronics from the Technical University of Lodz in Poland. “We are pleased to welcome Wojciech Bajda’s to our Leadership Team in the region; with the ongoing transformation of all industries enabled by 5G, the Internet of Things and Cloud technologies, Wojciech and his team will drive our plans supporting our customers and industry partners to build a truly connected Networked Society.” Rafiah Ibrahim, Head of Ericsson Middle East and East Africa regions, said.“I look forward to the new challenge offered by this region and I plan to implement new strategies that will build upon Ericsson’s existing capabilities to achieve companywide goals for evolution into the Networked Society,” said Bajda.
A delegation of most effective Lebanese businessmen in Africa is set to visit Egypt by the end of May, Egyptian trade and Industry Minister Tarek Qabil stated Saturday. The visit will be on the sidelines of the Egyptian-Lebanese Cooperation Forum, in which the mission will explore Egyptian industry through visiting a number of industrial zones in Egypt. Qabil has discussed the set-to-be visit during his meeting with Speaker of the Parliament of Lebanon Nabih Berri in the attendance of Egyptian International Cooperation Minister Sahar Nasr. During the meeting, Qabil and Berri discussed means of economic cooperation with Egypt and Lebanon.
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