DMG MORI, a manufacturing technology company with 12,000 employees in 87 countries and $2 billion in annual sales revenues, is building what it says is “Africa’s first machine tool factory” in Cairo, Egypt.
The decision was formally made at a meeting with Egypt’s President Abdel Fattah El-Sisi. In the presence of Prime Minister Dr Mostafa Madbouly, the company’s chairman, Christian Thönes, and AOI President Lt Gen Abdel Moneam Al Tarras signed the “pioneering cooperation agreement”.
Christian Thönes, chairman of DMG MORI Aktiengesellschaft, says:“Egypt is the door to Africa – a continent full of potential and high demand for future technologies. [Read more…] about DMG MORI building Africa’s first machine tool factory