Arab Finance: Company announced Ezz Steel – (ESRS)announced that it had signed, among a number of Egyptian industrial groups, a framework agreement of intent for consultation and cooperation with the Egyptian government, according to what the company stated in Her statement Sent to the Egyptian Stock Exchange.
In response to the stock exchange's inquiries about what it published entitled “Signing agreements for oil exploration with Ezz Steel,” the company explained that the Egyptian government has a desire to involve the most important Egyptian private sector companies in all economic sectors.
She added that coordination with the government is expected to begin during the coming period.
The company was established in 1994 and the purpose of the company and its subsidiaries is to manufacture, trade and distribute iron and steel of all types and related products and services. Ezz Steel is currently one of the largest steel producers in the Middle East and North Africa, and it also exports lengths and flat steel products to many countries around the world. In 2011, Ezz Steel’s production capacity reached 7 million tons annually, divided between 4.7 million tons of steel length products and 2.3 million tons of hot-rolled flat steel coils. These high-quality products are manufactured through the four Ezz Steel factories inside Egypt, and their advanced production units, which are the latest in technology in this industry.
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