First Vietnamese factory inaugurated in Egypt

Vietnam's European Plastics Joint Stock Company (EuP) has inaugurated a factory specialising in producing filler masterbatch in Sadat city, Menoufaya province of Egypt, marking the first factory of a Vietnamese enterprise in the Middle East country.

The EuP Egypt factory was built on an area of more than 34,000 sq.m with an investment of 30 million USD. It is designed to have 24 production lines with a total capacity of 300,000 tonnes a year, creating jobs for more than 300 local workers. Its products will serve the Egyptian market and exports to the Middle East, Africa, Europe and America.

Founded in August 2022 in Egypt with 100% investment capital from Vietnam, EuP Egypt Industries Company, a subsidiary of EuP, has an ambition to expand markets and become a multinational company.