EGYPTIAN STEEL
philosophy that it applies holistically to its workers , the environment and the Egyptian people .
At a technical level , the company has made massive strides in energy saving through use of more efficient technology . Combined , the eco-friendly technology the company is using saves almost 60 percent of the energy required and saves as much as 30 percent of emissions – innovations that have added an extra competitive edge . Egyptian Steel also recycles 100 percent of its steel scrap .
This technology is the first of its kind in the Middle East and Africa , and only the third instance in the world . The other two steel plants that use this technology - one in Arizona and the other in Greece - produce 250,000 tons / year , while Egyptian Steel ’ s Beni Sueif and Al Ain Al Sokhna plants each have a production capacity of 830,000 tons / year , making Egyptian Steel the biggest manufacturer of green steel globally .
Abou Hashima adds : “ I created a concept that I like to call ‘ socially responsible capitalism ’ which emphasises that the civil society has rights that should be fulfilled - it ’ s our duty to improve people ’ s lives and to lessen their suffering as much as we can .”
And the company is continuing to achieve this social mission . In 2014 Egyptian Steel scrapped its advertising agenda in order to refit 40 of the poorest villages in the country with basic amenities . Since then it has also sponsored a large number of Egyptian
50 November 2016