Household Equipment News
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LG is setting up a USD 150 mn refrigerator line
The new production line is in the preparation phase, LG Egypt Managing Director Billy Kim told Al Borsa, without disclosing its completion date.
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Egypt: B.TECH targets $391mln sales in 2024
The company aims to increase its installment portfolio to $164mln by the end of 2024.
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Haier Egypt starts fridge production in Egypt September
The company aims to invest $50 million in manufacturing other products to be exported abroad.
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Egypt's imports of consumer goods decrease by $7.8 M in May 2024
Egypt's overall imports decreased by 5.1 percent in May 2024 to $7.38 billion from $7.77 billion in the same month of the previous year.
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B.TECH inaugurates MAX store for electronics, home appliances
Strategically located on the Ring Road, B.TECH MAX covers an impressive area of over 3,000 square meters on a single floor.
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Siemens expands upon partnership with Electro George
Siemens and Electro George are poised to deliver unparalleled value to customers, providing access to world-class technology at competitive prices.
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China's home appliance giant Haier inaugurates industrial park in Egypt
Haier Smart Home Co., Ltd., a subsidiary of the Haier Group, invests 135 million U.S. dollars to build the Haier Egypt Ecological Park.
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Prices of electrical appliances drop by 30%
The downward trend in prices is anticipated to persist. Many electrical appliance firms have started to roll out promotional offers on select products
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PM visits Fresh Electric Factory & announces $8M investments in automatic washing machines production
The prime Minister emphasized that any new investments or expansions from the private sector are a strong addition to the Egyptian economy.
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Madbouly visits Beko’s $100M factory in 10th of Ramadan City tour
The factory, covering a total area of 114,000 square meters, represents a significant investment of over $100 million.
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Chinese house appliance company builds new factory in Egypt
The construction of the factory will be completed in nine months, the SCZone said in the statement.
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Prices of home appliances expected to rise following a climb in input prices
Factories manufacturing in Egypt are facing a surge in steel prices, with the most recent increase by Ezz Dekheila Steel Company (Ezz Steel).
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China-based Midea Group eyes acquiring Zanussi brand in Egypt
The Swedish group aims to sell its assets in Egypt due to the current global financial issues facing it.
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Beko Egypt on track to open $100mln home appliances factory in Egypt in Q4
Günel outlined Beko Egypt's ambitious plans to deepen localisation and make Egypt a global export hub for household appliances.
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Turkish Vestel, Zorlu to establish home appliances factory in Egypt with $70 mln
The project is by Turkish companies Vestel, a home and professional appliance manufacturer, and Zorlu, a multinational holding company.
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Sweden's Electrolux Group to sell brands, factories in Egypt
Swedish multinational appliances company Electrolux Group will sell $976.46 million worth of brands and factories in Egypt and South Africa.
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B.TECH, Egyptian Food Bank sign cooperation protocol
To support 500 small-scale farmers and plant 10,000+ palm trees in Aswan.
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Electrolux Group participates in the National Day of Sweden
Electrolux is also playing a good role in supporting the Swedish values through its commitment to sustainability and CSR.
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Egypt issues Golden Licenses to Beko Egypt, Bosch to establish home appliance factories
The minister gave two Golden Licenses to foreign investors operating in the sector of home appliances upping the total to 15.
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Egypt’s Factory 360 and Japan’s MIZUHA sign a joint manufacturing agreement
The device went through several tests in Egypt to ensure that it will be suitable for hot weather, particularly in North African countries.