Egypt Aluminum to raise production amid global rising aluminum prices
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Update time : 2022-04-14 20:00:00
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.
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