The Suez Canal Economic Zone (SCZONE) and Turkish company Eroglu Global have finalised a contract to build a new carton and packaging factory in the Qantara West Industrial Zone.
Entailing an investment of $175m, the 70,000m² site will produce Tetra Pak units, carton boxes, and sheets.
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The facility is expected to create 2,000 direct jobs, SCZONE said in a statement issued on 20 January.
Half of the factory’s output is planned for export markets, with the other half to be supplied to the local market.
According to SCZONE chairman Waleid Gamal El-Dien, the project “strengthens the industrial supply chain, adds value to Egyptian products”.
He also noted that with this addition, Qantara West Industrial Zone will have a total of 52 projects across 3,537,100m², reaching cumulative investments of $1.53bn and offering 72,665 direct jobs.
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By GlobalDataThe new factory will be Eroglu’s fourth project in Qantara West Industrial Zone, making it the largest industrial investor in the area, the press release noted.
Established in Türkiye in 1983 by Nurettin Eroğlu, Eroglu has a diversified portfolio, including textiles, real estate, energy, furniture, shopping centres, and retail.
The group operates in several countries such as Egypt, Germany, the UK, and Romania.
In a separate development within Türkiye’s packaging sector, Greif opened an Intermediate Bulk Container (IBC) manufacturing facility in Dilovasi in 2023.
Additionally, speciality paper manufacturer Felix Schoeller opened a new Competence Center in Istanbul last year.
