Simplex launches CNC machine factory in 10th of Ramadan City

Simplex launches CNC machine factory in 10th of Ramadan City

ArabFinance : Simplex Industrial Solutions and Software, specialized in manufacturing computer numerical control (CNC) machines, launched a new CNC machine factory on an area of 5,000 sqm in the Industrial Zone of the 10th of Ramadan City, the company announced in a press conference. Ahmed Shaaban, CEO of Simplex, said that CNC machines are used to facilitate manufacturing operations in various fields of industry by cutting, drilling, bending and piercing metallic and non-metallic materials such as wood and marble. Shaaban added that the company has an ambitious plan to increase production rates of CNC machines with investments of EGP 100 million to meet the needs of the local market and export to neighboring countries. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; “The company attaches great importance to expanding into new listed markets by taking advantage of international agreements with Egypt, in light of the customs regulations and clauses that stipulate exempting Egyptian products from collecting customs duties and allowing entry to them,” Shaaban pointed out. He further noted that the company plans to expand into 15 countries over the coming three years. The company also aims to export from