EGYPT TO GET NEW PRINTER ASSEMBLY UNIT
A letter of intent (LoI) has been signed between three organisations to set up a printer assembly facility in Egypt.The promoters are the Electronics Factory of the Arab Organisation for Industry, CPG International, and Globalis International. In the plant’s first phase, it will assemble a printer model that is currently sold in the Egyptian market, while in the subsequent stages, there will be "greater levels of assembly and local manufacturing of components".
The three parties have agreed to expand the scope of the agreement to cover other models currently being manufactured in Europe by CPG International. Globalis International was founded last year as a result of merging the Middle East and North Africa (MENA) operations of Alis Technologies (Canada) and CPG International (Europe). Globalis - Egypt, a new company being incorporated under the Foreign Investment Law, will be the interface between all the parties.