North Africa: Egypt’s Simplex Opens $50m CNC Factory in Regional Expansion

Egyptian manufacturing technology company Simplex has inaugurated its second production facility in 10th of Ramadan City, reportedly investing $50 million to expand its CNC machine manufacturing capacity while laying the foundation stone for a third factory.

The new facility spans 40,000 square meters and is expected to significantly increase production capacity as the company responds to growing demand from domestic and international markets. The inauguration was attended by Egypt’s Finance…