Jiangsu Suning: Plans to invest $10 million to establish a garment production base in Egypt.
Jiangsu Shuntian announcement: The company and its holding subsidiaries plan to establish the Egypt Garment Production Base project in the West Kantara Industrial Zone of Egypt with an investment of approximately 10 million US dollars, funded by its own funds. The project aims to accelerate the overseas production capacity layout and achieve the transformation and upgrading of the supply chain operation. The investment target is tentatively named as Sainty Egypt International Garments Manufacturing Co., Ltd., with a registered capital of 10 million US dollars, and its business scope includes the production and sales of garments, garment accessories, and textiles.
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