Arab Finance: Prime Minister Mostafa Madbouly inaugurated the Mansour for Filters Manufacturing plant in 10th of Ramadan City, with investments totaling EGP 500 million ($11 million), as per a statement.
Developed by Mansour Filters, the new plant aims to localize manufacturing, increase local content, and reduce reliance on imports. Its production capacity is 15 million filters annually for various types of vehicles and industrial filters.
On his part, Mohamed Mansour, Chairman of the Mansour Automotive Group, said this industrial complex is part of the state's plan to implement the national program for localizing the automotive industry and supporting its feeder industries.
It also aims to enhance the competitiveness of the Egyptian industry and support exports to regional and international markets.
He added that the new facility will secure job opportunities, attract investments, and boost the national economy.
Meanwhile, Tarek Atta, CEO of Mac Filters Manufacturing, highlighted that the factory is a model for manufacturing a high-quality local component, made by Egyptian hands in accordance with international standards.
He rolled out plans to achieve an export rate of 35% of total local production to foreign markets by 2027, which will reinforce Egypt’s position in the national industry on the regional and international export map.