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Al Gioshy Steel plans new investments of EGP 800 million by Q1 2019

Steel News - Published on Tue, 22 Jan 2019

Image Source: Amwal Al Ghad
Amwalalghad reported that Al Gioshy Steel plans to increase the volume of its investments to 800 million Egyptian pounds in the local market, through operating a new production line by the end of the first quarter of 2019, Mr Tarek AlGioshy CEO said that the total investment volume of the new production line will reach 300 million pounds, contributing with increasing the production capacity to 400,000 tonnes annually.

He added that the new investments will create more than 400,000 new job opportunities during the current year.

Source :

Posted By : Rabi Wangkhem on Tue, 22 Jan 2019
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