Suez Canal Economic Zone Lays Foundation for $190M Chinese Tire Manufacturing Plant

Suez Canal Economic Zone Lays Foundation for $190M Chinese Tire Manufacturing Plant

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Jun 18, 2026 04:03 AM

The Suez Canal Economic Zone (SCZone) has officially witnessed the foundation-laying ceremony for the new Long March Tire (Egypt) facility, a subsidiary of China's Chaoyang Longmarch Tyre Co., Ltd. The massive automotive components plant is being developed within the TEDA-Egypt industrial zone in the Sokhna Integrated Industrial Zone. The inauguration was attended by SCZone Chairman Walid Gamal El-Din, Suez Governor Major General Hani Rashad, Chinese Consul General in Alexandria Xiao Min, TEDA-Egypt CEO Cao Hui, Long March Tire Chairman Jin Yongsheng, and a group of top executive officials.

Project Specifications and Production Capacity

The state-of-the-art tire manufacturing facility spans an area of 200,000 square meters, backed by a total investment of $190 million (approximately 9.5 billion EGP). The project is expected to generate around 1,500 direct job opportunities and will be executed in two distinct phases. The first phase targets an annual production capacity of 600,000 Truck and Bus Radial (TBR) tires.

Upon the completion of the second phase, the plant's total output will surge to 1 million TBR tires and 4.5 million Passenger Car Radial (PCR) tires annually. This significant expansion aims to satisfy the growing demands of the local automotive market for essential components while strengthening export capabilities to regional and global markets.

Strategic Impact on the Automotive Supply Chain

Highlighting the strategic importance of the investment, Walid Gamal El-Din emphasized that the Long March project represents a qualitative addition to SCZone's expanding industrial base. He noted that it underscores the zone's success in attracting high-value-added investments, particularly in the transportation and automotive manufacturing sectors, thereby boosting local production and national self-reliance in auto components.

Furthermore, the Chairman revealed that this tire manufacturing plant is the first initiative launched under the new expansion phase agreed upon with TEDA-Egypt in July 2025. This latest phase covers a total area of 2.8 million square meters, which has already been fully contracted, following the complete leasing of the previous 7.25 million square meters allocated to the developer. This milestone reflects the ongoing success of the SCZone and TEDA-Egypt partnership in driving industrial growth and meeting the surging demand for expansion within the economic zone.