Micor : 8 international companies ready to partner with Egyptian Iron and Steel
Dr. Medhat Nafei, Chairman of MICOR , said: “We aim at partnership, producing about 1.2 million tons annually,
He explained that the partnership method and the volume of labor to be operated during the new projects to be launched are still under consideration, but more importantly, the partner injects large investments that are able to save the company from its present state.
He explained that the available capacities will be exploited both in the furnaces or in the quarries, as well as the exploitation of some assets such as land so that the partnership in revenue and not in the possession of assets.
Nafei added that the studies related to the development of the company are still under study according to the condition of the furnaces and the sectors of the producing company, stressing that it is important not to inject any investments in any company without success for those investments in order to preserve public money.