SCZONE and Eroglu agree on $175m packaging facility

The Suez Canal Economic Zone (SCZONE) and Turkish institution Eroglu Global person finalised a declaration to physique a caller carton and packaging mill successful the Qantara West Industrial Zone.

Entailing an concern of $175m, the 70,000m² tract volition nutrient Tetra Pak units, carton boxes, and sheets.

The installation is expected to make 2,000 nonstop jobs, SCZONE said successful a connection issued connected 20 January.

Half of the factory's output is planned for export markets, with the different fractional to beryllium supplied to the section market.

According to SCZONE president Waleid Gamal El-Dien, the task “strengthens the concern proviso chain, adds worth to Egyptian products”.

He besides noted that with this addition, Qantara West Industrial Zone volition person a full of 52 projects crossed 3,537,100m², reaching cumulative investments of $1.53bn and offering 72,665 nonstop jobs.

The caller mill volition beryllium Eroglu’s 4th task successful Qantara West Industrial Zone, making it the largest concern capitalist successful the area, the property merchandise noted.

Established successful Türkiye successful 1983 by Nurettin Eroğlu, Eroglu has a diversified portfolio, including textiles, existent estate, energy, furniture, buying centres, and retail.

The radical operates successful respective countries specified arsenic Egypt, Germany, the UK, and Romania.

In a abstracted improvement wrong Türkiye’s packaging sector, Greif opened an Intermediate Bulk Container (IBC) manufacturing installation successful Dilovasi successful 2023.

Additionally, speciality insubstantial shaper Felix Schoeller opened a caller Competence Center successful Istanbul past year.

"SCZONE and Eroglu hold connected $175m packaging facility" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.