Rockal plans investing $34mn in Egyptian market in 5 years
Egypt-based Al Alamia for Insulations Company- Rockal targets injecting new investments of 300 million Egyptian pounds (US$33.7 million) within the coming five years.
Speaking to Amwal Al Ghad Monday, Chairman Kamal El Dosouky stated that the new investments would be allocated to develop company’s factory as well as adding new production lines.
Dosouky said that Rockal adopts a five-year strategy that includes pumping 100 million pounds over three years then boosting the volume until it records 300 million pounds by the end of 2020.
The current capacity of Rockal’s factory is covering 20 percent of the Egyptian market, the chairperson added, clarifying that the company plans to boost this volume to 60 percent besides increasing exports volume by 10 percent within the coming three years.
Rockal targets covering 100 percent of the Egyptian market as well as exporting 20-30 percent of its production by the end of 2020, the official noted.
In 2003, Rockal launched a plant for producing rockwool materials from basaltic raw materials with investments estimated at 150,000 pounds. It was established on the space of 12,000 square metres at El-Obour city.
The factory operates with the capacity of 15,000 tonnes annually with a highly advanced technology.
Rockal rockwool materials are totally friendly to the environment. Rockwool is used for thermal and acoustical insulation as well as fire protection with applications in the construction sector, industrial sector, ship building and agriculture.
