In a landmark collaboration set to redefine Egypt's steel industry, the Metallurgical Industries Holding Company has joined forces with Chinese Shengli Investment and Development Company Limited to take the reins of billet production at Delta Steel Company. The strategic partnership, in line with the Ministry of Public Business Sector's vision, aims to amplify local production, foster exports, and propel a modernization wave through the industry.
Shengli Investment is poised to spearhead operational enhancements and elevate pallet production at the newly entrusted Delta Steel factories, striving to unleash the maximum capacity of the recently established production lines, targeting an impressive 500 thousand tons. This commitment extends beyond production, encompassing the meticulous sourcing of industry supplies, including scrap and other materials, all while upholding the esteemed "Delta" brand.
The collaborative effort is not only geared towards meeting the burgeoning needs of the local market but also holds the promise of reducing import dependence, exploring untapped markets, and injecting vitality into the industry's human resources.
As the Metallurgical Industries Holding Company and Shengli Investment embark on this joint venture, Egypt's steel sector anticipates a revitalization that aligns with global standards, cementing its position as an industry leader with a sustainable and forward-thinking approach. This partnership serves as a beacon for the industry's future, blending innovation, efficiency, and a dedication to local and global success.
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