Another project to fill the gap in Egypt's industry has settled in the TEDA cooperation zone.
Release time:
2024-09-14 18:41
A few days ago, the summit of the Forum on China-Africa Cooperation, which attracted worldwide attention, was successfully held in Beijing. Egyptian Prime Minister Madbouli, who went to China to attend the summit, visited a number of Chinese-funded enterprises and personally witnessed the signing of major projects in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Cooperation Zone). The six signed projects involve the chemical, textile, new energy, household appliances and food industries, with a total investment of about 1 billion US dollars, which will provide nearly 3000 jobs for Egypt after being put into operation.
The main investor of Hainan Dongfang Dahui modified starch project signed on the same day was Egyptian local enterprise Tiba Starch & Glucose Manufacturing Co. and the Chinese-funded enterprise Hainan Dongfang Dahui Co. Among them, Egyptian enterprises are mainly engaged in deep processing of rice, while Chinese enterprises are mainly engaged in the cultivation, production, deep processing and international trade of agricultural products. The project is located in the expansion area of TEDA cooperation zone, covering an area of 40000 square meters, with an investment of 7.5 million US dollars, mainly engaged in the production and sales of modified starch. The first phase of the project is expected to have an annual output value of 50 million US dollars. After completion, it is expected to create 156 new jobs and produce 50000 tons of modified starch annually. The high quality products provided by the project will fill the gap in the production of modified starch in Egypt, the Middle East and East Africa.
-Extended reading-
Hainan Dongfang Dahui Starch Products Co., Ltd.Is a set of cassava planting, cassava starch, glutinous rice starch deep processing in one of the national financial investment in agricultural industrialization of the national key leading enterprises. The company has 6 production lines of chemically modified starch, dry modified starch, pre-gelatinized modified starch, cassava starch and glutinous rice starch, with an annual output of 100000 tons of cassava starch, cassava modified starch and glutinous rice starch, with an output value of nearly 0.5 billion yuan. It is currently one of the largest cassava modified starch manufacturers in China.
The company has undertaken the national and provincial "Torch Plan Project" for many times and is a high-tech enterprise in Hainan Province. "Dahui" brand pre-gelatinized starch is a famous brand product in Hainan Province, and "Dahui" brand trademark has been rated as a famous trademark in Hainan Province. The "one-stop" development model of cassava industry of "farmer company brand market network" implemented by the company has opened up a new way for farmers to get rid of poverty and become rich, and has made contributions to the development of characteristic industrialized agriculture in Hainan. In 2006, it was appraised as a national agricultural product processing demonstration enterprise by the Ministry of Agriculture.
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