Simplex inaugurates second factory with $50 million investment
Egyptian CNC manufacturing startup Simplex has inaugurated its second manufacturing facility in 10th of Ramadan City, spanning 40,000 square metres with investments totalling $50 million, while simultaneously laying the foundation stone for its third factory. Founded in 2013 by Ahmed Shaaban and Mohamed Mansour, Simplex designs, assembles, and manufactures Computer Numerical Control (CNC)…
In a significant move for Egypt's CNC manufacturing sector, startup Simplex inaugurated its second production facility in 10th of Ramadan City, marking an investment of $50 million and spanning 40,000 square meters. Simultaneously, the company laid the foundation stone for its third factory, demonstrating a commitment to long-term expansion.
Simplex, founded by Ahmed Shaaban and Mohamed Mansour in 2013, specializes in designing, assembling, and manufacturing CNC machines for industrial applications. The company has expanded its reach beyond Egypt, signing partnership and agency agreements in Jordan and Kuwait to strengthen its regional presence.
During the inauguration ceremony attended by high-level officials, diplomats, and business figures, Simplex unveiled its latest state-of-the-art CNC machinery and showcased its growth journey from a graduation project to an enterprise exporting to 34 countries. The expansion is expected to create over 1,000 direct and 10,000 indirect job opportunities, while doubling production capacity to meet increasing demand.
The new factory's completion will elevate the quality and precision of mechanical manufacturing operations, reducing manufacturing lead times and minimizing reliance on external suppliers. Simplex's products are currently sold in 34 countries, with plans to increase the percentage of exports to international markets in the coming phase.
Written by urgent.news from Wamda's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
