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Industry ministry meets Taiwanese Rechi delegation
21 September 2022  -  Sector :  -  Entity :  -  Category : Industry News

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The meeting has discussed a potential project to produce AC compressors in cooperation with Elarabi Group.

Cairo- Sep 21, 2022

Minister of Trade and Industry Ahmed Samir has received a delegation from Taiwanese manufacturer Rechi to discuss a potential project to produce air conditioning compressors in cooperation with Elarabi Group in Egypt.

The new venture, at an estimated $33 million, will be established in the Kom Abu Radi industrial park in Beni Suef, over an area of 60,000 square meters. Scheduled to start actual production in 2024, the factory’s capacity will reach 6 million compressors annually, with an initial 2 million units in the pilot stage.

“The partnership aims to cover local market needs and export half of its production abroad,” Samir said, noting that the project will use local content at 50% in its final products, which will be increased gradually through the coming years.

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