Alumil Misr for Trade & Industry SAE, the Egyptian subsidiary of Alumil SA, will be receiving a loan of USD 15.88 million from the European Bank for Reconstruction and Development (EBRD). With this investment, Egypt’s aluminium production will be supported by constructing and installing a new aluminium extrusion line. This new line will be located in the Polaris Industrial Zone, Cairo, which is deemed to be the subsidiary’s plant.
At Alumil Egypt’s facility, the overall production capacity will be boosted by advancing the integration strategy, as well as enabling the supply of aluminium systems, aiding the construction and industrial sectors within the region.
Besides capacity, the expanded extrusion line will also support in ameliorating the operational efficiency, reducing supply chain lead times and aligning European quality standards with high-value production.
In Egypt, the firm has been establishing hubs with wider capacity for delivering advanced aluminium solutions, which are viable in the rapidly growing markets. Moreover, the newly developed facility will be positioning itself as a strategic producer and exporter, providing to countries like the Middle East, Africa and the other surrounding regions.
EBRD’s Managing Director for the Southern and Eastern Mediterranean, Mark Davis, stated, “Through this investment, we are strengthening local manufacturing, advancing private-sector development and enhancing industrial competitiveness across the region.”