NAG HAMMADI, Egypt, Jan 12 (MENA) – Prime Minister Mostafa Madbouly asserted that the development of Aluminum Company of Egypt (Egyptalum) comes in implementation of the directives of the political leadership to modernize state-owned prominent industrial companies.
He said that the new production line represents a practical step toward deepening local manufacturing, ensuring the fulfillment of domestic market needs and enhancing access to global markets.
These remarks were made following Madbouly’s visit, accompanied by his delegation, to the company, which is an affiliate of the Holding Company for Metallurgical Industries under the Ministry of Public Business Sector, to inspect the newly launched aluminum wire production line.
He was received by Mohamed Shemi, Minister of Public Business Sector.
Shemi emphasized that the project falls within the framework of the state’s strategy to support and develop national industries through reliance on the latest global technologies.
He pointed out that the new line enhances the added value of national industry and contributes to reducing imports, adding that the achievements realized represent an important milestone within an integrated plan to modernize the company and upgrade its production capabilities.
This reinforces the company’s competitive position in both local and international aluminum markets, given its status as one of the strategic industrial pillars of the national economy, he said.
The minister added that the company is currently implementing several strategic projects and expansions aimed at boosting its production and competitiveness, as well as introducing new products that keep pace with market developments and meet growing local and international demand.
He said that these efforts strengthen the company’s role as one of the main pillars of Egypt’s aluminum industry and support the national economy.
Shemi said that the new production line has an annual capacity of 60,000 tons of high-quality aluminum wire, representing a qualitative leap in both production volume and quality.
This effectively doubles the company’s total aluminum wire production capacity to 120,000 tons per year, he said.
He highlighted that the output will help meet domestic market needs and open broader prospects for exports.
The project’s investment cost amounted to $17.5 million and was implemented in cooperation with Italy’s Properzi, a leading global company specializing in aluminum wire casting and rolling equipment, ensuring the use of advanced technology compliant with the highest international technical standards.
Madbouly and his accompanying delegation listened to a detailed briefing by Executive Managing Director of the company Mahmoud Abdel-Aleem Agour.
Agour explained that the project included the installation of all mechanical and electrical components of the machine and auxiliary units, including cooling towers, air compressors and electrical transformers, culminating in the programming phase.
He said that trial operations have already begun, progressing toward full production capacity.
He said that the company’s products are exported to several foreign markets including Spain, Poland, Morocco, Italy, Syria, Slovenia and Greece, confirming that there are currently outstanding orders from international clients to reserve quantities from the new production line. (MENA)
