Arab Finance: Dr. Mustafa Madbouly, Prime Minister, at the government headquarters in the new administrative capital, witnessed a signing ceremony for a contract between the two companies. British Petroleum Energia Espana, and the Egyptian ANoud Compresses Company, which owns the Holding Company for Metal Industries and its companies affiliated with the Ministry of Public Business Sector, 75% of its shares, with the aim of restarting the Anudic Blue Factory in the free zone in Ain Sokhna and financing the necessary maintenance work, as well “Petroleum coal, and raising the rates of exploitation of production capacity, in the presence of Eng. Mohamed Shimi, Minister of Public Business Sector.
On the sidelines of the signing, Eng. Mohamed Shimi, Minister of Public Business Sector, stressed that the signed contract aims to revive the Anuda Company, which has been stopped for production two years ago, as it comes within the framework of the efforts of the Ministry of Public Business Sector to enhance the capacity of subsidiary companies, increase production and employment rates, and achieve the highest levels of productivity To meet the needs of the market, replace imports and contribute to supporting the national economy, explaining that the operation of the company contributes to reducing the import bill from its final product consumed by industrial companies, the most important of which are aluminum industry companies.
The Minister of Public Business Sector explained that, after the restart of the Anudaque block factory in the free zone in Ain Sukhna, the annual production will annually reach 250 thousand tons (after the supply and installation of the second coal cooler) to achieve a net revenue for the Anoud Company (97 dollars the value of every year of metric), He indicated that there is a minimum guarantee of the Anudic Blozat Company, equivalent to a year of 200,000 tons annually.
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