China’s Chaoyang Long March Tyre Co., Ltd. has launched a USD190 million tyre manufacturing project in Egypt’s Suez Canal Economic Zone (SCZone).
The project is expected to create some 1,500 jobs and produce up to 5.5 million tyres annually upon completion.
The project, which will be established on some 200,000 square metres in the TEDA Egypt industrial development zone in Ain Sokhna, will be implemented in two phases. The first targets an annual production of 600,000 truck and bus radial (TBR) tyres. When the second phase is completed, production capacity would increase to 1 million TBR tyres annually, in addition to 4.5 million passenger car radial (PCR) tyres per year, serving both domestic and export markets.
Waleid Gamal ElDien, Chairman of SCZone, attended the foundation stone-laying ceremony alongside Major General Hany Rashad, Governor of Suez; Xu Min, Consul General of China in Alexandria; Cao Hui, Executive Director of TEDA Egypt; Jin Yongsheng, Chairman of Long March Tyres; and a number of SCZone officials.
Mr Gamal ElDien said the project is the first to be established on the new 2.8 million-square-metre expansion area agreed with TEDA Egypt in July 2025, which has already been fully contracted. This follows the full allocation of TEDA Egypt’s previous development area of approximately 7.25 million square metres.
