Jushi Egypt for Fiberglass Industry S.A.E (Jushi Egypt) is wholly owned by China Jushi Co., Ltd (China Jushi), the world’s largest fiberglass manufacturer. It is registered in January, 2012 and located strategically in Suez Economic and Trade Cooperation Zone of Egypt.
Jushi Egypt project has a planned investment totaled USD 520 million to build a world class large-scale fiberglass production base with an annual capacity of 200,000 tons, which is unique in whole Africa. The products of the company are mainly sold to Europe, as well as Turkey, Middle East and North Africa, and Egyptian local markets. The first phase of the project accounts for USD 223 million of investment with an annual capacity of 80,000 tons and the most advanced ultra-large tank furnace technology in the world. It was put into full operation on April 23rd. 2014. The second phase for another 80,000 ton/year line has been put into operation in July 2016. The construction for the third phase for a 40,000 ton/year production line was started in May 2016, and is planned to start operation in June 2017. By then, the Jushi Egypt project as a whole would have been completed in advance within 5 years instead of the planned 8-10 years.
As a significant achievement made under the economic cooperation between Egypt and China, Jushi Egypt project has gained high attention and great support from the governments of both countries. With the persistent efforts of project workers, the project has overcome various difficulties in the construction process and set a series of records – it has so far the largest investment value, the most advanced technical equipment and the fastest construction speed among all Chinese investment projects in Egypt. In the meantime, it is the first large-scale production base of fiberglass established by China Jushi in overseas countries, and has the symbolic significance in China Jushi globalization strategy, not only filling the gap of fiberglass industry in Middle East and North Africa, but also representing a milestone in global layout of Chinese fiberglass industry.
Jushi Egypt actively promotes joint development of staff and company as well as the localization of management positions. At present, the company has altogether 1,350 employees, among which 1,300 are Egyptians and 50 Chinese. The overall localization rate reaches up to 90%.
As the first large-scale overseas production base of China Jushi, Jushi Egypt will endeavor to build itself to be an example in China’s “going global” campaign and contribute to the implementation of the Belt and Road Initiative under the cooperation between Egypt and China.