Details of planned investments:
1-Spending on production cells:
1.6 billion EGP will be allocated to cover the cost of major
overhauls for 120 production cells, the renewal of the bunkers of the sixth
line, the renewal of rods for the cranes of the first and second lines, and the
renewal of the sanders of the sixth line. Dry air pipes and the cathodic
conduction current measuring device will also be renewed.
2-Rolling mill development:
1.5 billion EGP will be allocated to rolling mill development,
including the development of a digital slug furnace, the first phase of foil
production, a slurry measuring machine, an X-ray machine, a thickness measuring
device, and an application program to modernize production planning.
3- Foundry development:
167.9 million EGP will be allocated to foundry development,
including improvements such as the metal purification filter at Foundry 1,
upgrading the slab casting machine, renewing the mold casting conveyor, and
upgrading the Wetzler saw.
4-Research and development sector:
12.6 million EGP will be allocated to research and development
development, including the purchase of new equipment to measure the shrinkage
of ramming paste and prepare ramming samples.
5-Coal and Electrode production sector:
43.2 million EGP will be allocated to coal and electrode production
development, including replacing the slings and FTAk, renewing Line B, and
developing the carbon block cleaning line.
6-Equipment, vehicle, and facilities development:
559.5 million EGP will be allocated to vehicle and equipment
development, in addition to EGP 523.1 million for facilities development,
including renewing the external network and transformers and upgrading the
control system of the industrial gas production plant.
7-Developing auxiliary services and the Casting Mill:
Allocating EGP 50 million for auxiliary services and EGP 113.7
million for developing the casting mill, including a 5-ton induction furnace
and a medium-voltage feed cell.
8-Developing the section and bar production plant:
Allocating EGP 23.9 million for developing the section production
plant and EGP 32.1 million for developing the bar.
Egypt Aluminium's financial objectives:
The company aims to achieve total sales of EGP 48.8 billion during
the 2025/2026 fiscal year, a significant increase compared to the EGP 45.2
billion expected for 2024/2025. The company also aims to achieve a net profit
after tax of EGP 18.6 billion during 2025/2026, a significant increase compared
to the EGP 10.25 billion expected for 2024/2025.
Investing in the future:
This major investment in development projects is an important step for Egypt Aluminum Company, aiming to enhance its production capacity and improve product quality in line with global trends, while significantly increasing profitability and sales in the coming period.