Zhuzhou Qibin Group Co., Ltd., a leading glass manufacturer in China, announced on August 1, 2025, that it will invest USD 685 million in the Suez Canal Economic Zone in Egypt to build a solar panel glass factory. After completion, the project will become the largest photovoltaic glass production base in the Middle East, with an estimated annual production capacity of 240,000 tons and about 3,000 jobs.

As a benchmark enterprise in China's glass industry, Qibin Group was established in 2005 and focuses on the manufacturing of high-quality float glass, energy-saving architectural glass and photovoltaic glass. This investment is another important overseas layout of the Group after Malaysia, and it is also an important measure to respond to the "Belt and Road" initiative and deepen China-Egypt economic and trade cooperation. The first phase of the factory is expected to be put into operation in 2026, when it will become a leading enterprise in photovoltaic glass manufacturing in Africa and the Middle East.

The project is located in the Suez Canal Economic Zone, making full use of Egypt's rich silica sand resources and superior geographical location. The Egyptian government's "2035 Comprehensive Energy Strategy" proposes to increase the proportion of renewable energy to 42% by 2035, of which solar energy development has great potential. Qibin Group said that the factory will produce panel glass and backing glass with high light transmittance and high weather resistance to serve the local and peripheral markets such as Europe and Africa.

Industry insiders pointed out that the project will significantly improve the localization level of Egypt's new energy industry chain, reduce dependence on imports, and help Egypt build a "regional photovoltaic manufacturing center". At the same time, this is also a successful practice of the internationalization strategy of Chinese enterprises to "pre-market and close to the terminal", which will further consolidate China's core position in the global new energy supply chain.(This article is from the official website of Jiandao www.seetao.com may not be reproduced without permission, otherwise it will be investigated, please indicate the reprint of Jiandao Network + original link) See the photovoltaic column editor/Gao Xue