According to a statement filed with the Egyptian Exchange, Egypt Aluminum (Egyptalum) has signed a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project.
Egypt Aluminum recorded a net profit after tax of EGP 304.718 million in the first quarter of the fiscal year (FY) 2021/2022, compared to a net loss of EGP 150.97 million in the first quarter of the fiscal year (FY) 2020/2021.
Egyptalum is a firm headquartered in Egypt that specialises in extruding aluminium profiles for architectural and industrial uses. Aluminium billet casting, dies, extrusion, alloys, painting, and anodizing are some of the services provided by the firm.
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