An agreement was signed between the Metallurgical Industries Holding Company and the Chinese Shengli (Fujian) Investment and Development Company Limited to manage and operate billet production factories at the Delta Steel Company, within the framework of the general direction of supporting local manufacturing, increasing production, developing and modernizing the industry, and the strategy of the Ministry of Public Business Sector to support and encourage the private sector and open The scope for local and foreign investment within the framework of the state ownership policy document.
Dr. Mahmoud Esmat, Minister of the Public Business Sector, affirmed the Ministry’s welcome and openness to various types of partnerships with the local and foreign private sector, which contribute to developing the performance of subsidiaries and achieving targeted operating rates to reach maximum capacity, in order to meet the needs of the local market and export, and achieve a return on investment within the framework of the comprehensive plan. For development and modernization being implemented.
According to the agreement, the Chinese company will increase operating rates and pallet production to reach the maximum capacity of the new production lines.
Industry supplies of scrap and other materials are provided, while maintaining the company’s “Delta” brand.
Working in accordance with the latest scientific standards for the steel industry and reaching the company’s maximum production capacity of 500 thousand tons while adhering to maintenance programs and production continuity.
The goal is to provide the needs of the local market, reduce imports, open new markets, and optimal investment in human resources through education, training, and continuous development programs.
Delta Steel Company is one of the leading companies in the field of steel and cast iron industry, and the oldest iron and steel factory in Egypt, having been established in 1947.