Ezz_steel1
Arab Steel Summit
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
Slide
Slide
Slide
Arab Steel Summit
AIST Mena
steel Oribis
steel Oribis
steel Oribis

Egypt: Establishment of two projects for cast iron pipes production and a steel plant, with Chinese investments amounting to $2 billion

Dr Mostafa Madbouly, Prime Minister, held, on Wednesday evening, a meeting with officials of the Chinese companies “TEDA” and “Xin Xing” to review a project for cast iron pipes production and a steel plant with investments amounting to $ 2 billion within the “TEDA Cooperation” area within the scope of the economics region of the Suez Canal.

The Chinese company “TEDA” has negotiated successfully to attract several new Chinese investments to the region. One of these projects is the production of cast iron pipes and a steel plant for export through the “Xin Xing” company, which is specialized in this field.

Mr He Qiju, President of “Xin Xing” Company, presented the two projects, indicating that the first phase includes the production of cast iron pipes, with investments of about $150 million, to be built on an area of 250,000 square meters, with a production capacity of 250,000 tonnes annually, and an annual production value of about 1.2 billion US dollars. It will employ 616 workers.

The second phase will specialize in the iron and steel plant dedicated to export, with investments amounting to about $1.8 billion, on an area of 1.45 million square meters, with a production capacity of 2 million tonnes annually, and an annual production value of about $1.4 billion, and it will employ 1,500 workers.

He explained that by the end of the two phases, Egypt would be the leading centre for cast iron pipes production, and it could export them to neighbouring markets.

He pointed out that the project would contribute to bridging the gap in the cast iron pipe industry in Egypt and Africa and would promote the development of products in the Egyptian pipes locally and the technical expertise transfer in this crucial field.

 

Twitter
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1
Arab Steel Summit

Latest News

Arab Iron and Steel Union

لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

Information

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org