2023-05-16 23:18:18
Extrucut 21, which works in the field of extruding and painting aluminum sectors, aims to increase the volume of its investments in Egypt to 2 billion pounds by implementing the second and third phases of the company’s expansions during the coming period.
Eng. Haitham Al-Maghrabi, the company’s managing director, said in statements that the company’s current investments are estimated at 900 million pounds.
He pointed out that the second phase aims to raise the production capacity to 2,000 tons per month of tow and 2,000 tons of paints, and it will also rise to 4,000 tons per month of tow and 4,000 tons of paints in the next stage.
This came in press statements on the sidelines of Extrucut 21’s participation in the Windworks exhibition, which specializes in glass and aluminum.
El-Maghraby added that the company aims, through its participation in the exhibition, to expand the Egyptian market and increase exports, as we aim to increase the export segment to reach 25% of the production capacity next year.
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