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CIHC, Global Steel to establish joint stock company for PC wires production

Chemical Industries Holding Company (CIHC) and Egypt’s Global Steel Company inked a shareholders’ agreement to set up an Egyptian joint stock firm named EgyDrew to establish, manage, and operate a factory for the production of prestressed concrete (PC) wires.

Updated 6/25/2023 8:53:00 AM
Egypt’s steel factories face shutdowns, production cuts over foreign currency shortage

Some of the steel manufacturers in Egypt were forced to shut down their factories and trim or stop production due to the lack of foreign currency needed to import raw materials.

Updated 6/13/2023 11:59:00 AM