Zenith Group Invests USD 300 Million in Egypt Tire Components Plant

The Government of Egypt announced on July 1 that Zenith Group will invest USD 300 million to establish a manufacturing facility in the Egypt-based Suez Canal Economic Zone. The project will manufacture components for the automotive tire industry along with steel wire products. The contract was signed in the presence of the Prime Minister of Egypt, marking another major industrial investment in the country's expanding manufacturing sector. Zenith Group operates as an affiliate of the parent company Zhongtian Group.

The new manufacturing plant will occupy approximately 320,000 square meters within the Sokhna Industrial Zone. Once operational, the facility is designed to produce 120,000 tons of steel cord used in passenger car tires annually, together with 50,000 tons of tire rim wires each year. The investment is expected to strengthen regional manufacturing capabilities while supporting demand from the automotive tire supply chain through large-scale production capacity.

The project is also expected to generate significant economic benefits by creating approximately 1,000 direct employment opportunities. In addition to serving domestic manufacturing needs, the facility is planned as an export-oriented operation, with around 30% of its total output targeted for international markets. Products manufactured at the plant will be supplied to customers across the Middle East, Europe, and the Americas, supporting Egypt's position as a regional industrial and export hub.

Frequently Asked Questions

What is the Zenith Group investment project in Egypt?
The Zenith Group investment project involves a USD 300 million manufacturing facility in the Suez Canal Economic Zone dedicated to producing automotive tire components and steel wire products. The plant will cover approximately 320,000 square meters, manufacture 120,000 tons of steel cord and 50,000 tons of tire rim wires annually, create around 1,000 direct jobs, and export about 30% of its production to customers across the Middle East, Europe, and the Americas.