February 04, 2018
Medhat Nafee, managing director of the minerals holding company, inspected on Tuesday the factory of the iron and Steel Company, a public commercial company. A "wholesome" tour of the company included a tour of the Al-Tel ovens, rotary machines, tanks, power plants, tin, pallets and railway products. During his tour, Nafee met with the company's workers, President and administrative staff. Last month, the Iron and steel Company completed the feasibility study of "technical, financial and marketing" of the company's development plan prepared by the language English for the company to rehabilitate and develop the old factory to reach the production capacity of 1.2 million tons per year and create a new factory productivity card up to 750,000 tonnes/year. The technical study of nine technical performances from 10 international companies will be completed within two weeks, said the company. The holding company for Metal Industries has received bids from nine international companies to participate in the repair and development of production lines in the state iron and steel Company. The company announced that the technical envelopes had opened the tender, with the technical committee formed for that purpose studying the and technically evaluate presentations, in preparation for the financial assessment of technically acceptable offers, in accordance with established procedures. The statement of terms, project financing, requires "in the form of a concessional loan and an acceptable grace period"--according to the company in its previous report.
