Prometeon Tyres Egypt Expands Alexandria Plant with USD 550 Million Investment

Egypt is set to strengthen its position in the regional tire manufacturing sector following a major investment announcement by China National Tire and Rubber Corporation. During a meeting held on June 8 with the Deputy Prime Minister for Economic Affairs, company officials presented a new investment plan valued at USD 550 million through Prometeon Tyres Egypt. The initiative includes the construction of a new manufacturing facility in Amreya, located within the Alexandria Governorate, alongside upgrades and development of existing production lines at the current site.

The expansion project will be developed on land adjacent to the company’s existing manufacturing plant. According to the company, the new facility and production enhancements are designed to significantly increase manufacturing capacity and support future growth. The investment reflects continued confidence in Egypt’s industrial sector while also supporting the country’s objective of increasing industrial output and export-oriented production across key manufacturing segments.

Production Capacity Expansion Plans

The project is expected to add annual production capacity of approximately 1.5 million tires. This increase will enable the company to double its output of tires used in heavy transport vehicles, construction equipment, and agricultural tractors. The additional production capacity is intended to address growing domestic demand while creating greater opportunities for international market expansion through increased exports.

Prometeon Tyres Egypt Capacity Expansion Overview

Export Growth and Market Impact

Prometeon currently manufactures around 1.1 million tires annually, with nearly 70% of total production being exported to international markets. By expanding production capabilities, the company aims to strengthen its ability to serve both domestic and overseas customers. The increased output is expected to support exports of heavy-duty tires while enhancing Egypt’s role as a manufacturing and export hub for commercial transportation, construction, and agricultural sectors.

The investment also demonstrates the company’s long-term commitment to expanding industrial operations in Egypt. Once completed, the project is expected to improve manufacturing efficiency, increase tire availability for key industries, and contribute to broader economic activity through industrial growth and export development.

Frequently Asked Questions

What is the value of Prometeon Tyres Egypt’s new investment project?
The investment project announced through Prometeon Tyres Egypt is valued at USD 550 million and includes a new manufacturing facility as well as upgrades to existing production lines. The initiative was presented by officials of China National Tire and Rubber Corporation during a meeting with Egypt’s Deputy Prime Minister for Economic Affairs. The project is intended to increase production capacity, support industrial growth, meet local demand, and strengthen the company’s export capabilities from its manufacturing base in Alexandria Governorate.

How will the new project affect tire production capacity in Egypt?
The expansion project will add approximately 1.5 million tires of annual production capacity, significantly increasing manufacturing output. According to the company, the investment will double production of tires used for heavy transport vehicles, construction equipment, and agricultural tractors. The additional capacity will help satisfy domestic demand while supporting export growth. Combined with existing operations, the project is expected to strengthen Egypt’s position as a regional manufacturing and export center for heavy-duty tire production.