Openning Ceremony
Dr. Mostafa Madbouly, Prime Minister, inaugurated today the Borex Glass Co. factory, specializing in the manufacture of heat-resistant household utensils, within the TEDA-Egypt industrial developer area in the Ain Sokhna Industrial Zone. This inauguration was part of his tour of the Suez Canal Economic Zone to inaugurate several new factories. He was accompanied by Dr. Hussein Eissa, Deputy Prime Minister for Economic Affairs; Dr. Mohamed Farid, Minister of Investment and Foreign Trade; Dr. Ahmed Rostom, Minister of Planning and Economic Development; Eng. Khaled Hashem, Minister of Industry; Major General Hani Rashad, Governor of Suez; and Mr. Walid Gamal El-Din, Chairman of the General Authority For the Suez Canal Economic Zone.
Upon his arrival, the Prime Minister affirmed that the project reflects the state's commitment to supporting specialized, high-value-added industries and enhancing reliance on local raw materials in manufacturing. This contributes to building a competitive industrial base capable of competing in global markets. He noted that the state is focused on attracting quality industrial investments that support export expansion and import reduction, particularly in industries that add value to the national economy.
On the sidelines of the inauguration, the Prime Minister listened to a presentation by Engineer Yasser Ozturk, Chairman of the Board of Directors of the factory. Ozturk explained that the project specializes in the production of heat-resistant household glass (borosilicate). He added that the factory is built on an area of 20,000 square meters, with investments ranging between $6 million and $8 million, and an annual production capacity of up to 9,000 tons.
The Chairman of the Board stated that the factory is unique in being the first of its kind in the Middle East, Africa, and the Arab world in this field. It also relies on local sources for more than 90% of its production inputs, primarily high-quality Egyptian silica. Öztürk noted that the factory aims to export over 70% of its production to foreign markets, contributing to the trade balance and generating foreign currency, in addition to creating approximately 140 direct and 300 indirect jobs.
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During his tour of the factory, the Prime Minister engaged in direct dialogue with several employees, demonstrating his keen interest in understanding their professional and living conditions firsthand. He inquired about the nature of their tasks, their satisfaction with their wages, and their housing situation, asking about the availability of suitable living facilities.
In this context, the employees expressed their satisfaction with the work environment at the factory, confirming that they receive fair wages and benefit from the company's ongoing training and development programs, which contribute to enhancing their skills and professional competence. For his part, Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, explained that the "Burex" project is a joint foreign investment and represents a significant addition to the glass industry sector within the economic zone. He added that it reflects the success of the Authority's strategy in attracting advanced, technology-based industrial investments.
He pointed out that the project's products are characterized by their ability to be recycled multiple times without affecting their properties, thus enhancing the industry's sustainability and aligning with global trends towards a green economy and reduced environmental impact. Mr. El-Din further stated that the Suez Canal Economic Zone Authority is working to support industries that rely on a high percentage of locally sourced components, contributing to the deepening of local value chains and enhancing the competitiveness of Egyptian products in global markets. He emphasized that the project strengthens the economic zone's position as a regional hub for specialized industries, particularly in non-traditional sectors with increasing global demand.
