Mumbai, Aug. 15 -- China's Sailun Group has signed a landmark deal with Egypt to build a large-scale automotive tyre factory in the Suez Canal Economic Zone (SCEZ), with total investments of USD 1 billion. The project marks a major milestone in Sailun's global expansion strategy and reinforces its position as one of the top 10 global tyre manufacturers.

Spanning 350,000 sqm, the facility will take three years to complete and will eventually produce 10 million tyres annually, serving both the domestic market and exports. The first phase is due to be completed in 2026.

Published by HT Digital Content Services with permission from Tyre Trend....