ZC Rubber plans $500mln tire complex in SCZONE’s Sokhna zone
SCZONE signed a letter of intent with China’s Zhongce Rubber Group to establish an integrated tire manufacturing complex in the Sokhna Industrial Zone, with planned investment of approximately $500 million.
By Staff WriterArab Finance: The General Authority for Suez Canal Economic Zone (SCZONE) signed a letter of intent (LoI) with China’s Zhongce Rubber Group (ZC Rubber) to establish an integrated tire manufacturing complex in the Sokhna Industrial Zone.With planned investments of approximately $500 m…