Eipal-Egypt Plans Opening 2 Aluminum Plants with EGP350mn by 2015

Egyptian International Company for Aluminum Profiles S.A.E – Eipal is planning inaugurating two new factories for aluminum in Sixth October City with EGP350million total cost by 2015.

It was finalized the infrastructure of the two factories, expecting that the production capacity of each factory will reach 2400 tons monthly, Galal Abdel Fattah Chairman of Eipal said.

Eipal is depending on self finance to continue the two factories without restoring to any credit facilities from banks, Abdel Fattah noted.

The company’s investment strategy depends on opening new export markets especially in South Africa and European Union (EU).