Operational development
CONSTRUCTION
LEVERAGING SIGNIFICANT INVESTMENT AND NATIONAL DEMAND , EGYPTIAN STEEL IS MAKING A NAME FOR ITSELF AS AN EFFICIENT , THOUGHT-LEADING MANUFACTURER AT HOME AND ABROAD
Stepping into the steel industry in 2010 , propelled by over $ 2 billion of investment , Egyptian Steel is growing to become a leading diversified manufacturer and stalwart of the recovering Egyptian economy . Backing up substantial capex with robust social , environmental and operational programmes , the company is looking forward to years of sustained growth and success . Since we spoke to CEO Ahmed Abou Hashima in the July 2015 issue , the company has undergone a number of structural changes and is now in the process of diversifying its offering to the domestic and international market .
Abou Hashima is proud of how far his company has come – and is optimistic about its place in developing the country . He says : “ Steel is crucial for the economy . We have a shortage of 8 million housing units and infrastructure . The whole population lives on only 7 percent of the land . In order to develop Egypt , steel is vital for at least several decades . It ’ s a strategic industry that employs thousands of people .”
Operational development
Operations are shared across a number of subsidiaries which consist of Egyptian Steel for Building Materials , National Port Said Steel ( NPSS ), and IIC for Steel Plants Management . Together , these divisions enable the company to provide a range of steel production capabilities to the market – supported by a number of technological innovations . “ When all four plants of Egyptian Steel are at full capacity we will be able to acquire a 20-25 percent
www . egyptian-steel . com 45