久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Africa

Chinese firms boosting operations in Egypt

By Hou Liqiang in Suez, Egypt | China Daily Africa | Updated: 2016-01-24 11:44

Country's location, preferential trade policies and opportunities generated by the Belt and Road Initiative proving a major draw

More Chinese companies are setting up shop in Egypt or expanding existing operations there to take advantage of opportunities presented by the Belt and Road Initiative, as well as the nation's prime location and rich resources, executives say.

While such a move helps Chinese firms cut costs, due in part to preferential trade policies offered to Egypt in Europe, the Middle East and sub-Saharan Africa, it also contributes to Egypt's industrialization and creates jobs.

 Chinese firms boosting operations in Egypt

Jushi Egypt, set up by a Chinese fiberglass manufacturer, employs about 1,100 Egyptians. Photos Provided to China Daily

 

Jushi Group, a Chinese fiberglass manufacturer, set up a local subsidiary, Jushi Egypt, in January 2012. Located in the China-Egypt Suez Economic and Trade Cooperation Zone, the company has an annual output capacity of 80,000 metric tons. The plant cost $223 million.

According to Yang Jixiang, deputy general manager, the subsidiary exported 95 percent of its products - valued at about $84 million - in 2015 and paid about 135 million Egyptian pounds ($17.1 million) in local taxes.

He says the operation has driven the development of downstream and upstream industries in Egyptian fiberglass. "Two Chinese companies have started businesses in the economic zone to supply us with materials, while an Egyptian factory has upgraded its technology and increased the number of mills it operates from one to four to meet our need for kaolin powder, a raw material in fiberglass."

The company is building a new assembly line, also with an output capacity of 80,000 tons, which will go into service in June.

Jushi Egypt employs about 1,100 Egyptians, who make up 40 percent of its mid-level executives, and 60 Chinese. Yang says the Chinese contingent will not be increased to handle the extra capacity.

He explains that the company chose to set up a base in Egypt because of the country's location and the preferential trade policies it enjoys in other markets. "If you export fiberglass to Europe from China, you have to pay anti-dumping and anti-subsidy duties of 24.8 percent, not to mention the tariff. There is no tariff if you export to Europe or the Middle East from Egypt, nor any anti-dumping and anti-subsidy duties."

Also, it takes at least a month to ship goods from China to Europe, but from Egypt it takes only a week, and a container could arrive in Turkey in just two days, he says.

Egypt is rich in human and natural resources, too. "Engineers in Egypt are well-educated," he adds.

In early 2013, Muyang Co Ltd, China's largest feed machinery manufacturer in terms of revenue, also teamed up with the China-Africa Development Fund to establish Muyang Egypt in the China-Egypt Suez Economic and Trade Cooperation Zone. Together, they made an investment of $74 million.

The first phase of the project went into operation in December. Annually, Muyang Egypt aims to produce 5 million tons of silo storage units, 6,000 tons of steel structures and 50 units of feed machines, a combined sales value of $150 million.

Li Xiangdong, manager of Muyang Egypt, says the factory is in answer to the Belt and Road Initiative, which is an ambitious strategy aimed at better connecting Asia, Europe, the Middle East and Africa through infrastructure projects.

"The Chinese government's preferential policies have provided us with a very good investment environment," he says, adding that the Egyptian subsidiary's products can easily be shipped to markets in the Middle East and Africa via the Gulf of Suez, while cheap labor costs had reduced overheads.

Muyang Egypt will initially concentrate on making silos that reduce the risk of food wastage during storage and transportation, a common problem in Africa, Li says.

In addition to producing storage units for African governments, the company will also make silos that can hold up to 100 tons for African farmers to securely store their harvests.

Brilliance Auto Group, a Chinese carmaker, has announced plans to restart its assembly line in Egypt this year. The facility ran from 2006 until it was suspended in 2009.

The move is part of efforts to expand into other North African markets and further south. Egypt has the highest per capital GDP in Africa, and its auto market is larger than that of many nations on the continent.

The company has continued selling its cars in Egypt, and has sold about 30,000 since 2009, mostly imports from China, says Zhang Xuecheng, managing director of Brilliance Bavarian Auto, a joint venture of Brilliance and Bavarian Auto Group.

The Egypt facility's output capacity will initially be 10,000, increasing to 30,000 in five to 10 years, he says, adding that, as spare parts are limited in Egypt, the company also plans to bring some suppliers to the country to reduce costs.

Zhang says the decision to restart the assembly line was made based on two years of market research and because Egypt is an important part of the Belt and Road Initiative.

Guangzhou Dayun Motorcycle Co Ltd purchased 200,000 square meters in the Suez Economic and Trade Cooperation Zone on Dec 3, says Shao Yuebo, head of product research and development at TEDA SEZone Development Co, which runs the zone.

The Chinese company will invest $78 million to build a plant that can make 500,000 bikes a year, he says. "The project will provide more than 600 jobs, stimulate development of the motorcycle supply chain, contribute tax revenue and promote industrial technology in Egypt."

China Glass Holdings Ltd is also considering investing $20 million in the zone. The project would create 400 jobs directly and 2,000 indirectly, and generate $70 million a year in foreign exchange through exports, Shao says.

If it goes ahead, the plant "will promote upstream and downstream industries (in the glass industry) such as mining, energy, hydroelectricity, logistics and glass processing," he adds.

However, Chinese companies face challenges in Egypt. Although the North African nation has promised rebates for exporters, it is not easy to get them. Jushi Egypt, for example, has only managed to get rebates on two deals, receiving about 70,000 Egyptian pounds, Yang says.

He adds that the company's operation is also affected by policy changes.

In September, the Egyptian government added a test for all imported chemicals and powders. Although it was said the test would only take a week, in reality it can actually take up to three, which can result in factories running short of raw materials.

Zhang at Brilliance says the biggest challenge his company faces is the nation's tight controls on foreign exchange, as the quota is far too low. He says the company's capital flow can be hampered because it cannot change enough Egyptian pounds into dollars to send back to China.

There is also a shortage of skilled labor, and the training costs can be high, he adds.

houliqiang@chinadaily.com.cn

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国产探花在线观看视频| 欧美日韩亚洲一| 国产精品秘入口18禁麻豆免会员| 欧美xxxxx在线视频| 激情视频小说图片| 69久久久久久| 成熟丰满熟妇高潮xxxxx视频| 婷婷激情5月天| 国产主播在线看| 久久久久久久香蕉| 艹b视频在线观看| 成年人视频网站免费观看| 无码人妻精品一区二区蜜桃百度| 香蕉视频网站入口| 亚洲午夜无码av毛片久久| www.亚洲一区二区| 污污网站免费看| 日本熟妇人妻xxxxx| 日本福利视频一区| 久久久久福利视频| 日本特级黄色大片| 天天干天天草天天| 99草草国产熟女视频在线| 国产玉足脚交久久欧美| 欧美a级黄色大片| 日韩av加勒比| 69久久久久久| 黑森林精品导航| 青青青在线播放| 久久综合色视频| 日本人体一区二区| 黄色激情在线视频| 中文字幕日韩精品无码内射| 亚洲综合123| 国产三级精品三级在线| 不卡中文字幕在线观看| 自拍偷拍一区二区三区四区| 妓院一钑片免看黄大片| 日韩欧美黄色大片| 男女污污的视频| 男女污污的视频| 制服丝袜综合网| 久久久久久久片| 中文字幕网av| 亚洲美女爱爱视频| 国产成人美女视频| 日本网站在线看| 夜夜爽久久精品91| 青娱乐国产精品视频| 青青草原国产免费| 九一免费在线观看| 成品人视频ww入口| 每日在线更新av| 动漫av网站免费观看| 免费在线激情视频| 美女黄色片视频| 手机看片一级片| 日韩欧美中文视频| 国产乱子伦精品无码专区| 国产精品又粗又长| 国语对白做受xxxxx在线中国| 久久久久久三级| www.se五月| 欧美一级黄色录像片| 成年在线观看视频| 男人添女人下面高潮视频| 女人另类性混交zo| 色一情一区二区| 福利在线小视频| 国产免费黄色小视频| 嫩草av久久伊人妇女超级a| 欧美成人福利在线观看| 亚洲区成人777777精品| 欧美啪啪免费视频| 国产成人a亚洲精v品无码| 性刺激的欧美三级视频| 国产奶头好大揉着好爽视频| 久久av综合网| 国产又大又黄又粗的视频| 一区二区三区四区久久| 欧美成人三级在线视频| 国产天堂在线播放| 国产a级片免费看| 日韩日韩日韩日韩日韩| 高清一区在线观看| 少妇大叫太大太粗太爽了a片小说| 自慰无码一区二区三区| 欧美精品 - 色网| 国产精彩视频一区二区| 成年人在线观看视频免费| avove在线观看| 88av.com| 男人添女人下部视频免费| 国内外成人免费激情视频| 亚洲图片 自拍偷拍| 奇米精品一区二区三区| 精品国产鲁一鲁一区二区三区| 日本一区午夜艳熟免费| 日本一二区免费| 人妻无码久久一区二区三区免费| av污在线观看| a级黄色一级片| 一本之道在线视频| 国产视频在线视频| 国内自拍中文字幕| 亚洲欧美自拍另类日韩| 免费毛片网站在线观看| www.国产福利| 免费在线观看毛片网站| 日本久久久网站| 欧美丝袜在线观看| 成人免费毛片网| 91精品国产吴梦梦| 欧美第一页浮力影院| 国模无码视频一区二区三区| 无套内谢丰满少妇中文字幕| 国产91美女视频| 日韩专区第三页| 色天使在线观看| 国产成人精品视频ⅴa片软件竹菊| av动漫在线播放| 一级黄色片在线免费观看| 熟妇人妻va精品中文字幕| 欧美国产视频一区| 天天做天天爱天天高潮| 日本人视频jizz页码69| 黑森林福利视频导航| 隔壁人妻偷人bd中字| 最新av在线免费观看| 亚洲综合婷婷久久| www日韩视频| 人妻内射一区二区在线视频| 日韩精品在线视频免费观看| 久久久国产精华液999999| 久久精品99国产| 欧美日韩在线一| 久久av综合网| 4444亚洲人成无码网在线观看| 中文字幕亚洲影院| www.久久久久久久久久久| 超碰在线97免费| 色综合手机在线| 天天碰免费视频| www黄色在线| av无码精品一区二区三区| 91黄色小网站| 精品一卡二卡三卡| 日韩a在线播放| av观看免费在线| 免费黄色特级片| www.国产区| 一区二区在线播放视频| 蜜臀视频一区二区三区| 男女爽爽爽视频| 视频在线观看免费高清| 九九热99视频| 亚洲精品国产久| 在线观看成人免费| 成年丰满熟妇午夜免费视频| 日韩视频 中文字幕| 日本五级黄色片| 久久久久免费看黄a片app| 免费成人在线视频网站| 欧美精品色婷婷五月综合| 人妻无码视频一区二区三区| 一级在线免费视频| 亚欧美在线观看| 吴梦梦av在线| 少妇一晚三次一区二区三区| a级黄色小视频| 国产精品-区区久久久狼| 色综合av综合无码综合网站| 亚洲精品怡红院| 亚洲妇熟xx妇色黄蜜桃| 熟女熟妇伦久久影院毛片一区二区| 精品日韩在线播放| 大陆av在线播放| 50路60路老熟妇啪啪| 手机版av在线| 亚洲国产一二三精品无码| 日本国产在线播放| 蜜臀视频一区二区三区| 黄色片免费网址| 黄色大片中文字幕| av五月天在线| 做爰高潮hd色即是空| 久久99久久99精品| 精品免费国产一区二区| 亚洲免费av一区| 日韩精品久久一区二区| 激情网站五月天| 国产91av视频在线观看| 秋霞无码一区二区| 中国黄色片免费看| 日本大片免费看| 无码少妇一区二区三区芒果| 亚洲综合在线一区二区| 久激情内射婷内射蜜桃| 污视频网站观看| 国产精品久久久久9999爆乳|