China’s Jushi to operate new production line in Egypt next July
Chinese fiberglass manufacturer Jushi plans to start operating its fourth production line for its factory located in Ain Sokhna next July, deputy general manager Wu Chandong said on Monday.
With investments worth $50 million, the new line will boost the firm’s production capacity to around 200,000 tonnes per year, Chandong told Amwal Al Ghad.
“We are exporting around 98 percent of our products to a number of major markets, including France, Italy, and India. Our exports reached $222,000 tonnes approximately,” he said.
Also, Jushi is looking to maintain the current size of its exports this year and to raise the quality of the products, Chandong said.
Jushi established its Egyptian arm in Ain Sokhna in 2012, with investments worth $570 million.