The good news is spread again, and another project of "super incubation" in TEDA cooperation zone is signed.
Release time:
2021-02-08 00:00
The good news is spread again, and another project of "super incubation" in TEDA cooperation zone is signed.
On February 4, 2021, another "super incubation" project of China-Egypt TEDA Suez Economic and Trade Cooperation Zone (hereinafter referred to as "TEDA Cooperation Zone") was successfully signed: K & I International Co., Ltd. (hereinafter referred to as "K & I Company") and Egypt TEDA Special Zone Development Company (hereinafter referred to as "Special Zone Development Company") signed a land transfer contract and officially settled in the TEDA Cooperation Zone Expansion Zone.
K & I Company entered TEDA Cooperation Zone in 2018 to develop and manufacture die-cast aluminum non-stick cookware. The products are of high quality and low price and are welcomed by the Egyptian market. For more than two years, its business orders have increased significantly year by year, and K & I has been expanding its production and investment scale, and the lease of the original plant has been unable to meet its project expansion needs. "When we first arrived in Egypt, TEDA actively helped us coordinate and solve problems, which prompted us to quickly open up the situation in Egypt. It was based on the recognition and trust of TEDA that we decided to expand our production scale and product range, extending the product chain from pan casting to a variety of die-cast aluminum non-stick cookware and stainless steel tableware and kitchenware products." The person in charge of K & I said. K & I is highly recognized for the perfect park supporting facilities and high-quality investment services in TEDA cooperation zone."
As the first medium and large-scale die-cast aluminum non-stick cookware and stainless steel kitchenware project in TEDA Cooperation Zone, K & I Egypt has a planned area of 26000 square meters and a planned investment of 50 million yuan. It has complete spectral analysis equipment, five sets of vacuum aluminum die-casting equipment, four special automatic coating production lines and two automatic tableware production lines. After the project is officially put into production, the monthly output can reach the scale of 200000 non-stick cookware and 1 million stainless steel kitchenware. Its products are not only sold in Egypt, but also exported to West Asia, North Africa, Europe and other regions. The choice of the project to land in the TEDA Cooperation Zone not only reflects its confidence in the TEDA Cooperation Zone and the investment environment in Egypt, but will also help promote the sustainable development of the TEDA Cooperation Zone and inject vitality into the local social and economic construction.
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