Help the chemical giant Egypt project to start on schedule, TEDA Cooperation Zone business sector services re-innovation.

Following the signing of six major projects during the China-Africa Cooperation Forum, the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Cooperation Zone) has another good news: On September 22, the Kemidi Chemical Industry Co., Ltd. Egypt Project (Kemidi Egypt Project) A grand opening ceremony was held in the expansion area of the TEDA Cooperation Zone.

Chinese chemical giant layout Egypt

The Caimidi Egypt project covers an area of more than 60000 square meters with a planned investment of US $30 million. It is a joint venture between Caimidi (Tianjin) Group Co., Ltd. (Caimidi Group) and Egyptian Metro Trade Co., Ltd (Metro Trade Co., Ltd). Mr. Zhang Zongchao, Chairman of Caimidi Group, said that in order to implement global strategic planning, Caimidi has accelerated the pace of business globalization since 2016. After the successful landing of projects in Europe, Africa and Southeast Asia, Caimidi's international business quickly expanded to Egypt. "Thanks to the help and support of the General Administration of the Suez Canal Economic Zone in Egypt and the Egyptian TEDA Special Zone Development Company, the establishment and preparation of the Egyptian project has been very smooth."

As a national high-tech enterprise, Kemidi Group relies on the scientific research and technical support of China Nankai University to build three Chinese production bases, including Dezhou, Binzhou and Tai'an, and overseas production bases in Russia, Vietnam, India and Bangladesh, with a comprehensive output of more than 120000 tons. It is the largest calcium hypochlorite operator in the world. Calcium hypochlorite (commonly known as bleaching powder) is widely used in industrial fields and household disinfection, and the market is huge. Cemidi product sales network throughout Asia, Europe, Africa, Oceania, South America, products exported to more than 100 countries and regions around the world, the export rate of more than 90%, very competitive.

The Cemidi Egypt project is scheduled to be completed and put into operation in May 2025. After being put into production, it can produce more than 40000 tons of calcium hypochlorite per year, with annual sales of 0.15 billion US dollars, which can provide more than 100 local jobs. The project will fill the gap in Egypt's industry in this field and will become the largest calcium hypochlorite production base in Egypt and even Africa. "On the basis of inheriting China's excellent management model, the Cemidi Egypt project will quickly and effectively promote localized management and deliver a satisfactory answer to shareholders." Mr. Su Bentao, General Manager of Cemidi Group, is full of confidence in the Egyptian project.

Zhenxin Industrial Co., Ltd., one of the contractors of the Caimidi Egypt project, is also an enterprise in the TEDA Cooperation Zone. The company has 23 professional engineers and more than 220 construction personnel. As an important construction force in the TEDA Cooperation Zone, Zhenxin Industry integrates civil engineering, steel structure, electric power, fire protection and hydropower, water supply and drainage pipe network, pipelines, indoor and outdoor decoration, and greening projects, and is committed to providing customers with all-round and high quality projects. General contract service. Since entering the TEDA cooperation zone in 2018, it has undertaken the construction of factories and warehouses for TEDA, Yanjiang, Wanhe water heater, Xinxing cast pipe and other projects in the zone, and successfully expanded its business to Cairo, participating in the construction of Samsung Electronics, LG Electronics and other factories in Egypt, with a total construction area of nearly 150000 square meters. With excellent professional quality, qualifications, past achievements and local construction experience, Zhenxin Industry will help Caimidi Egypt project to be completed and put into production with high quality and efficiency.

Business service innovation, help enterprises to go to sea

"It is hoped that the TEDA Cooperation Zone will further expand the scale of the park, play a more active role in promoting industrial localization and technology transfer, and attract more modern industries to invest in Egypt." Egyptian Prime Minister Madbouli, who went to China to attend the summit of the Forum on China-Africa Cooperation and personally witnessed the signing of major Sino-Egyptian production capacity cooperation projects in the TEDA Cooperation Zone, said.

With the attention and support of the Chinese and Egyptian governments, the TEDA Cooperation Zone has become an industrial park with the best comprehensive environment, the largest investment density, the highest unit output, and the most concentrated Chinese-funded enterprises in Egypt. It has become a joint construction of the "Belt and Road". One of the landmark projects.

In order to implement the instructions and requirements of the heads of state of China and Egypt, the commercial sector of the TEDA Cooperation Zone not only actively carried out land transfer, bonded warehousing and other businesses, but also made new breakthroughs in import and export trade, logistics and distribution services. The business links of steel structure material purchase, export declaration, shipping distribution and customs clearance service of the Cemidi Egypt project, which started on schedule, are provided by China-Africa TEDA, the domestic main body of the TEDA cooperation zone.

The continuous development of the commercial real estate sector has boosted the improvement of collaborative service business capabilities: strategic partners such as CIMC and Southeast Logistics can provide 2 to 3 months of logistics account services for Chinese-funded enterprises in the TEDA Cooperation Zone. At the same time of export declaration, TEDA can advance export tax rebates for enterprises in the cooperation zone. These measures have actually eased the financial pressure and reduced the financing costs for enterprises in the cooperation zone. The innovation, breakthrough and improvement of the service capability of the commercial sector have further enhanced the attraction of industrial real estate in the TEDA Cooperation Zone. Follow-up TEDA will also explore supporting services for supply chain finance in conjunction with the development of commercial business.

—END—