It will include advanced production lines with an annual capacity of 120,000 tonnes of steel cord for tyre manufacturing and 50,000 tonnes of bead wire.
China’s Zenith Steel Group, a subsidiary of Zhongtian Group, has signed an agreement to develop a tyre-components manufacturing project within the China–Egypt TEDA industrial developer zone in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZone). The project will involve total investments of $300 million.
Walid Gamal El-Din, Chairman of the SCZone, said the project will cover approximately 320,000 square metres in the Sokhna Industrial Zone. It will include advanced production lines with an annual capacity of 120,000 tonnes of steel cord for tyre manufacturing and 50,000 tonnes of bead wire.
The project is also expected to export around 30% of its total output to global markets across the Middle East, Europe, and the Americas, supporting Egypt’s ambition to become a regional export hub for advanced engineering components.
Gamal El-Din added that Zenith Steel Group’s presence within the China–Egypt TEDA zone will strengthen industrial integration with existing tyre manufacturers and supporting industries. This is expected to create a more integrated production ecosystem, support export expansion, and contribute to the localisation of modern technologies in advanced metal industries.
