Jiangsu Sainty plans to establish a clothing production capacity base project in Egypt, with an investment of approximately 10 million USD
Jiangsu Sainty plans to establish a clothing production capacity base in the West Kantara Industrial Zone in Egypt, investing approximately USD 10 million, with funding sourced from its own funds. This move aims to accelerate the layout of overseas production capacity, transform and upgrade supply chain operations, reduce the risk of domestic order loss, and leverage Egypt's tariff advantages to maintain trade relations with the European Union and the United States, promoting business growth
According to the Zhitong Finance APP, Jiangsu Sainty (600287.SH) announced that in order to accelerate the layout of overseas production capacity and achieve the transformation and upgrading of supply chain operations, the company and its controlling subsidiary plan to establish an Egyptian garment production capacity base project in the West Kantara Industrial Zone, with an investment of approximately USD 10 million, all of which will be funded by its own capital.
In the current context of garment order outflow, the company faces the risk of losing orders produced domestically. Given that Egypt has signed free trade and other tariff preferential agreements with the EU, the United States, and others, the establishment of the Egyptian garment production capacity base project will provide capacity support to break through tariff barriers for trade. This will not only maintain and consolidate existing trade operations with the EU, the United States, and others but also provide strong support for the company to leverage its tariff advantages to achieve growth and expansion in trade operations
