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​During his tour today in Obour City, Dr. Mostafa Madbouly, Prime Minister, and his entourage went to inspect the factory of the German Lebanese Company for Paints (GLC Paints). Mr. Ahmed Samir, Minister of Trade and Industry, and Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones accompanied the Prime Minister during the tour. Moreover, Mr. Anwar Abdel Fattah Al-Hout, CEO of GLC Paints welcomed the Prime Minister.

During the tour in GLC Paints factory, the Prime Minister listened to the explanation of Mr. Mohamed Abdel Fattah Al-Hout, CEO of GLC Paints, who stated that GLC Paints manufactures all types of oil and water-based paints, paste, plastic containers, and metal containers. In addition, Mr. Al-Hout Pointed out that the group’s total investments amount to EGP 2.5 billion; 50% Egyptian and 50% Lebanese, and the value of the export volume amounts to $20 million, and products are exported to more than 13 African countries.

Furthermore, CEO of GLC Paints mentioned that the group's activity began in 1997, and it is currently one of the largest Lebanese companies investing in Egypt and working in the field of chemical industries (paint industry). It is also considered one of the largest paint manufacturing companies in Egypt and Africa, and has factories in Obour City. GLC Paints is currently establishing a new factory in the 10th of Ramadan City on an area of 40,000 square meters. The number labors in GLC Paints is 2000 as direct employment.

He added that its production volume exceeds 150 million liters annually of high-quality paint products, which provide comprehensive solutions for all market sectors through our factories in Obour Industrial City, Qift City (Qena Governorate), and Al-Shorouk Industrial Area (Al-Khanka), and there is a factory under construction, which is the Middle East for Industry, on a surface area of 40,000 m2 on the 10th of Ramadan, in addition to central warehouses on a surface area of 30,000 m2 in Obour City.

Regarding the new expansions that the company intends to undertake, Mr. Mohamed Abdel Fattah Al-Hout indicated that the company is in the process of injecting new investments amounting to more than $ 25 million during the coming period, and providing more than 1,000 new job opportunities.

The Prime Minister and his entourage inspected the new expansion work at the factory, which consists of 3 new halls on a surface area of 25,000 m2. It was noted that the production of these new halls will be allocated entirely for export.

At the conclusion of his tour of the factory, the Prime Minister stressed the provision of various means of support, which will contribute to establishing new expansions of the factory and working to increase production and exports. In this regard, Dr. Mostafa Madbouly directed the Minister of Trade and Industry to study the file of the plot of land for the factory expansions and work on its quick allocation. He also directed work to solve the problem of the required heights.

Regarding the complaint of factory officials about counterfeiting of their products, and the need to deal with this issue, the Prime Minister directed the concerned authorities, led by Ministry of Interior officials, to quickly deal decisively with these violations.