Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Egyptalum will expand its production capacity by 500,000/mt annually, the expansion project will be completed in two phases. Hisham Tawfiq, Minister of Enterprise Department of Egypt said that the US-based Bechtel has completed engineering research for this expansion project.


The minister added that the expansion projects will also include a car wheel manufacturing plant to cater to domestic as well as overseas demand. 


Egyptalum has smelters in Africa. The company’s revenue decline in fiscal year 2019-2020 due to the drop in global aluminium prices. The company’s profitability has improved ever since as prices rebound. Egyptalum made EGP994mn ($63.35mn) loss in 2019-2020 from EGP571mn ($36.38mn) profit in the year prior.



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