Egypt State-Owned Company Starts LED Bulb Production

Egypt’s state-owned company Neeasae has set up a new plant to manufacture LED bulbs, reported the country’s state news agency MENA.

Located in Egypt’s coastal city of Alexandria, the plant aims to manufacture 300,000 LED bulbs annually, which is expected to generate a sales value of EGB 93 million (US $12.19 million) and profits of EGB 5.7 million.

About EGB 15.5 million was invested into the plant, which took up to 11 months to construct, said Egypt’s Investment Minister Ashraf Salman.

The country has suffered regular blackouts due to energy crisis since 2008, and higher frequency of power outages in summer because of increased usage of air-conditions.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.