Manufacturing

Egyptian company CAPTEX is expanding its production of sports equipment and supplies. Government ministers visited its facilities to review progress and plans. The move supports efforts to boost local manufacturing and cut reliance on imports.

10. mai 2026 Rapportert av AI

Corning Incorporated released a slide deck on May 9 outlining upgrades to its Springboard Plan, a new growth phase and opportunities in photonics.

Pharco Pharmaceuticals has inaugurated a specialized production line for eye drops at its Amreya City facility in Alexandria, with investments exceeding EGP 500m. The line has an annual capacity of 20 million packs, covering about 19% of Egypt's domestic demand. It supports efforts to localize drug manufacturing and reduce import reliance.

21. april 2026 Rapportert av AI

Minister of State for Military Production Salah Gomaa met with Federation of Egyptian Industries President Mohamed El-Sewedy to explore ways to strengthen industrial cooperation and localize manufacturing technologies. The meeting aligns with presidential directives to deepen domestic manufacturing and reduce imports. Discussions focused on boosting reliance on local products and supporting the National Industrial Strategy.

Kia America Inc., part of Hyundai Motor Group, will introduce Boston Dynamics' Atlas humanoid robots at its Georgia manufacturing facility starting in 2029. This follows the CES 2026 unveiling and Hyundai's planned 2028 rollout at the nearby Metaplant in Savannah. Kia aims to expand the robots—rivals to Tesla's Optimus—to other global factories, starting with simple manufacturing tasks. Separately, Kia is developing software-defined vehicles with Level 2 autonomy by around 2027.

6. april 2026 Rapportert av AI

Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.