Egyptian industrial technology manufacturer Simplex has inaugurated its second production facility in 10th of Ramadan City following a US$50 million investment, supporting Egypt’s drive to localise advanced industrial machinery production and expand exports of high-value engineering products. The new 40,000-square-metre factory will manufacture Computer Numerical Control (CNC) machines used in precision engineering, reinforcing the country’s industrial development strategy by increasing domestic production of capital [...] The post Simplex Invests $50mn in Egypt CNC Plant to Expand Manufacturing Capacity appeared first on The Middle East Observer .
