Mei Ri Jing Ji Xin Wen·2025-12-13 23:22Core Viewpoint - Two A-share listed companies, Xinfengming and Jiansheng Group, announced plans to invest in manufacturing facilities in Egypt, aiming to enhance their global presence and production capabilities [2][4]. Group 1: Investment Details - Xinfengming plans to invest $280 million to build a factory with an annual production capacity of 360,000 tons of functional polyester fibers, utilizing advanced polyester technology [2][3]. - Jiansheng Group will invest $117 million to produce 180 million pairs of mid-to-high-end cotton socks, 12 million seamless underwear, and other textile products, with an expected annual revenue of 846 million yuan [4]. Group 2: Strategic Importance - Xinfengming's project is located in the Suez Canal Economic Zone, which is expected to enhance the company's international influence and market competitiveness while mitigating trade barriers [3][5]. - Jiansheng Group's project is part of its global strategy to integrate resources and expand into high-end markets in Europe and Africa, reinforcing its leading position in the global knitting industry [4][6]. Group 3: Local Economic Context - Egypt is viewed as a favorable investment destination due to its strategic location, stable political environment, and supportive government policies for foreign investments [5][6]. - The projects are expected to fill the gap in Egypt's polyester production capacity, which is currently lacking, thus receiving significant attention from the Egyptian government [5][6].