Cairo – Mubasher: Egyptian Minister of Public Sector Hisham Tawfik has visited Delta Steel Mill Company, a subsidiary of Metallurgical Industries Holding Co., to follow up on the trial operation of the first phase of the EGP 700 million ($42.3 million) plan to modernise Delta’s factories.
The project includes industrial and real estate activities, Tawfik said, adding that the industrial part of the project will see the Delta Steel’s production capacity increase 10 times.
The first phase of the modernisation project was completed within 10 months, increasing the steel billet production capacity to 250,000 tonnes annually, the minister revealed.
Tawfik stated that the second phase is expected to be completed at the end of 2020 and will add another 250,000 tonnes to the production capacity.
As for the real estate project, Tawfik announced that a contract was signed with Engineering Consultants Group (ECG) for the project and that the primary design was completed.
The project is aimed at developing the area and serving its population, providing an expansion to the residential area in the vicinity of Delta Steel’s factories, Tawfik said.
