{
  "id": 19896,
  "title": "Simplex inaugurates second factory with $50 million investment",
  "url": "https://urgent.news/2026/08/01/simplex-inaugurates-second-factory-with-50-million-investment",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-01T23:50:04.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "http://wamda.com/2026/07/simplex-inaugurates-second-factory-50-million-investment"
  },
  "original_language": "en",
  "account": "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.\n\nDuring 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.",
  "summary": "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)…",
  "key_points": [
    "Simplex opens second factory in 10th of Ramadan City with $50 million investment",
    "Company plans to create 1,000 direct and 10,000 indirect jobs",
    "Third factory foundation laid for long-term expansion"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/19896.png",
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}