After being approved by an ordinary general meeting, Egypt Aluminum (Egyptalum), the largest aluminum producer in Egypt, targeted a net profit of EGP 1.608 billion for the fiscal year 2022/2023. The ordinary general meeting has also approved the investment budget for the fiscal year 2022/2023, with a total self-raised fund of EGP 800 million.
The ordinary general meeting recommended raising Egyptalum’s total production to 310,000 tons amid global rising aluminum prices.
Egypt-based Egyptalum is mainly engaged in producing extruding aluminum profiles used in the construction and industrial fields, and it also does aluminum casting, dies, extrusion, alloys, painting, and anodizing.
Egypt Aluminum to raise production amid global rising aluminum prices
14 Apr 2022 14:55 reported by Joy Liu
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