Aluminum Division" demands "Business Sector" to ban the export of Egypt Aluminum Company's production

Khaled Abdullah, head of the Aluminum Division of the Chamber of Metallurgical Industries, called on the Ministry of Business Sector to open a file for distributing the production of Egypt Aluminum in Nag Hammadi, one of the ministry’s companies, so that its production is fully distributed to the local market instead of exporting, as it is the sole monopoly on aluminum raw materials.

“Abdullah” explained in special statements to “Alam Al-Mal” that Egypt Aluminum Company, for example, produces about 4,700 tons per month of the billet product, one of the main raw materials in the aluminum industry, which is used in the manufacture of “profiles” used in residential sectors and also in the production of household utensils, as the company exports 2,500 tons per month of its production, and the remaining 2,200 tons to the local market, noting that the factories’ needs reach 30,000 tons per month, so the offered quantity is not enough to meet the market’s needs.

Abdullah continued: The members of the Aluminum Division had previously met with the former Minister of the Business Sector, Mahmoud Esmat, and the officials of the Egyptian Aluminum Company, and they suggested at the time that the factories obtain the full share allocated for export of all the company’s products, provided that payment is made in dollars and at the same price that the importer obtains.