Arab Finance: Company announced Egypt Aluminum (EGAL)The implementation of the aluminum foil production project “Foil Factory”; It is still in serious discussions with the German company ACHENBACH to provide investment and financing opportunities at an estimated cost of $100 million, as the company explained in Her statement Sent to the Egyptian Stock Exchange.
This came in response to the stock exchange’s inquiries regarding what was published under the title “Egypt Aluminum begins inaugurating the foil factory with a German partnership and investments of 100 million dollars.”
The company was established in 1976 and its purpose is to produce, distribute and market aluminum metal, its raw materials, supplies, alloys, derivatives and artifacts at home and abroad. It also carries out other activities in real estate or financial investments and can be a securities portfolio. The company also follows the utmost levels of quality and keeps pace with every development in the aluminum industry in which it operates. It is placed among the ranks of major international companies specialized in this field through continuous improvement and diversification in production and meeting the demands of our customers abroad and at home.
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