El Nasr Pipe Manufacturing Company, one of the companies of the Ministry of Public Business Sector, has succeeded in recovering from its crises and overcoming losses in the last two fiscal years, as the company achieved about EGP 77 million in profits in 2023 and 2024, while achieving about EGP 488.5 million in revenues in the same two years.

The company is one of the largest and oldest steel pipe production companies in Africa and the Middle East, established on an area of ​​​​half a million square meters in the Ain Helwan area in Cairo since 1962 AD, where it occupies a distinguished position in the global competition by producing longitudinally and spirally welded pipes according to the specifications of the American Petroleum Institute, which are required for the purposes of transporting oil, gas and water, as well as producing engineering sectors (square – rectangular) for use in various construction applications.

The company aims to excel in this field, satisfy the needs of the local market, and look confidently to global markets, especially the Arab and African markets, with high-quality products, but this requires providing liquidity and modernizing some factories and ovens; to ensure doubling production capacities.

Data from the Holding Company for Metallurgical Industries showed that El Nasr Pipe Factories achieved EGP 178.5 million in revenues and EGP 50 million in profits by the end of June 2024, compared to achieving EGP 309.9 million in revenues and EGP 26.6 million in profits in 2023.