Egyptian Steel aims to implement an investment plan worth approximately EGP 2 billion over the next 18 months. The company plans to increase its current production from 1.2 million tons to 1.7 million tons and raise its export share to 30%.
News article: Egyptian Steel, one of Egypt’s leading steel producers, announced plans to implement a comprehensive investment program worth around EGP 2 billion over the next 18 months. The company stated that the investment will be financed through a combination of its own resources and bank loans.
The plan includes establishing a lime factory for steel production and modernizing existing production lines.
Egyptian Steel operates four main production plants with a total annual capacity of approximately 2.28 million tons, located in Beni Suef, Ain Sokhna, and Borsaid. The company aims to increase its current production from 1.2 million tons to 1.7 million tons next year.
Additionally, the company plans to raise its export share to 30% within the next two years. Currently, most products are directed to the local market, while exports are made to European and African markets, with plans for further expansion. Egyptian Steel is also taking steps to reduce its carbon footprint, aiming to secure a competitive advantage, especially in the European market.
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