Abbas called on the Italian business community to continue pumping new investments into the Egyptian market, stressing the GAFI's commitment to providing all possible support to the company in its future expansion and to all Italian companies investing in Egypt.
Mapei has invested $25 million to establish the first
phase of the new factory, spanning an area of 30,000 square meters. The
factory will produce adhesives for ceramic and marble installation and
insulation materials. The first phase will produce 65,000 tons of dry cement
and 55 million liters of concrete and cement additives, meeting local market
needs and exporting 15% to 20% of production to African and Middle Eastern
markets. The goal is to double the factory's production capacity after the
completion of the second phase.
Mapei is one of the largest global companies operating
in the chemical industry, particularly in insulation materials and adhesives.
It owns 73 factories in 33 countries worldwide. The company's choice to invest
in the Egyptian market reflects the Italian Mapei Group's confidence in the
Egyptian economy and the reforms undertaken by the government to improve the
business environment and climate, as well as the state's commitment to enabling
the private sector to fulfill its role as a strategic partner in development
efforts.
Quaroni and the company's representatives expressed their thanks to the GAFI for the efforts, support and facilitations provided to the company during the various stages of the project.