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Egypt Aluminum bets big on foil & silk

Unwrapping a USD 100 million investment ahead

What:

EGX-listed Egypt Aluminum (EgyptAlum), revealed plans for a USD 100 million foil production line, aiming for a capacity of 50K tons annually, the company’s Managing Director, Mahmoud Agour, revealed to Al Borsa News. They’re currently working on the project’s final studies and are in negotiations with investors from Europe, Russia, and the US to participate in it. Plus, a USD 15 million aluminum silk production line is also set to debut by 2025.

So What:

It’s not just about expanding; it’s about diversifying and dominating the export game, targeting to ship off 50% of its production capacity.

Now What:

Currently, Egypt Aluminum possesses a production capacity of 310K tons across various formats and is aiming to amplify its profit to aroud EGP 4.3 billion next fiscal year. If you’re wondering how this compares to profits within the last fiscal year, the results aren’t out yet.