EGYPT – Japanese manufacturer Torishima has allocated US$5 million to be used in building a pump production center in Egypt’s Suez Canal Economic Zone (SCZone).
The project will be located at the Industria Sokhna project which is developed by Elsewedy Industrial Development, a subsidiary of Elsewedy Electric Group.
The center, which will extend over 30,000 square meters, will serve the purposes of assembly, manufacturing, and supply of huge water pumps used for industrial and civilian purposes, such as water treatment and desalination plants.
The company also plans to establish a local spare parts industry to cater to the Egyptian market. Both businesses will contribute to 100 jobs in the country.
Through the service center in Sokhna, Torishima Group intends to rehabilitate and increase the efficiency of motors and pumps owned by the Government of Egypt.
“We are honored to have the opportunity to establish a local service and manufacturing presence in Egypt,” said Alister Flett, Managing Director of Torishima Service Solutions.
“We look forward to partnering with key end users in the fields of water, wastewater, irrigation, and power to improve the reliability of the large pumps installed and ensure that Egypt has the most efficient pumps in the region.”
The SCZone board of directors approved 46 projects with US$ 3.6 billion worth of investments between July 2022 and May 2023 in its industrial zones, said Walid Gamal El-Din, chairman of the SCZone.
He added that the country aims to bolster Japanese investments, which can benefit from the prime geographical location, facilitating access to African and European markets.
Water pumps are in high demand because of continuing high demand for water for residential applications, agricultural use, rising energy costs, environmental degradation, and investments in infrastructure and housing developments.
The Egypt Domestic Water Pump Market is expected to grow at a considerable CAGR during the forecast period, i.e., 2023-28, according to MarkNtel Advisors.
Xylem opens $9.7 m water pump factory in Egypt
The high demand for water pumps has attracted other companies to tap into the growing market. In March, Xylem, a US water technology provider, inaugurated the first phase of its water pump factory worth an estimated EGP 300 million ($9.7 million).
The first phase covers 4,000 square meters and has a production capacity of 2,000-4,000 water pumps annually. When complete, the factory will cover a total area of 9,000 square meters.
The pumps will be used in irrigation, central heating, and air conditioning systems, commercial building services, as well as other industrial applications.
The new factory will produce products for the Egyptian market as well as the Middle East and Africa region which is expected to absorb about 50 percent of products manufactured in the facility.