Italian leading kitchen products manufacturer Bertazzoni-Italia is now set to construct one of their biggest factory in the African market at Egypt.
According to Egypt’s Trade Minister Tarek Qabil the company has already pumped investments of €55 million to establish cookers factory in Egypt and the construction will being in few months.
The minister added that the company had a significant history with good relation and quality products and it’s high time for them to set a factory in the Northern Africa Country.
The official also said that the factory marks a significant addition to Egypt’s home appliances since the project comes in line with ministry’s strategy to deepen national industry through boosting the volume of local component in manufacturing process.
The minister made remarks during his meeting with company’s Chairman Paolo Bertazzoni in the attendance of CEO of ElAraby Group Mohamed El-Araby.
He said the new factory’s construction will begin in August of next year and it will provide nearly 1,000 direct jobs.
A total of 50 per cent of the new factory will be allocated for exporting to all markets, especially those associated with Egypt through free trade area (FTA) agreements, such as Africa, Europe, and the Middle East.
According to the company’s Chairman Paolo Bertazzoni this will be their first factory in the African market and they expect it to serve the entire region as their products have been on the demand.