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AL CIRCLE

EBRD fuels Egypt’s aluminium manufacturing with $15.9mln loan to Alumil Misr

EDITED BY : 2MINS READ

EBRD fuels Egypt’s aluminium manufacturing with $15.9mln loan to Alumil Misr

Alumil Misr for Trade & Industry SAE, the Egyptian subsidiary of Alumil SA, will be receiving a loan of USD 15.88 million from the European Bank for Reconstruction and Development (EBRD). With this investment, Egypt’s aluminium production will be supported by constructing and installing a new aluminium extrusion line. This new line will be located in the Polaris Industrial Zone, Cairo, which is deemed to be the subsidiary’s plant.

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At Alumil Egypt's facility, the overall production capacity will be boosted by advancing the integration strategy, as well as enabling the supply of aluminium systems, aiding the construction and industrial sectors within the region.

Besides capacity, the expanded extrusion line will also support in ameliorating the operational efficiency, reducing supply chain lead times and aligning European quality standards with high-value production.

Also read: Global aluminium extrusion leaders 2025: Top producers with their output capacity and expansion plans

In Egypt, the firm has been establishing hubs with wider capacity for delivering advanced aluminium solutions, which are viable in the rapidly growing markets. Moreover, the newly developed facility will be positioning itself as a strategic producer and exporter, providing to countries like the Middle East, Africa and the other surrounding regions.

EBRD’s Managing Director for the Southern and Eastern Mediterranean, Mark Davis, stated, "Through this investment, we are strengthening local manufacturing, advancing private-sector development and enhancing industrial competitiveness across the region."

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At the same time, Chairman and CEO of Alumil, George Mylonas, said, "This investment represents a key strategic step in strengthening our long-term presence in Egypt. By expanding our manufacturing capabilities, we are creating a regional hub that enables greater operational flexibility aligned with European quality standards. The partnership with the EBRD is instrumental in advancing this vision and the development of a robust industrial footprint in the region."

Listed on the Athens Stock Exchange, the firm has been operating since 2012 in Egypt and has received a total investment of USD 16.46 billion for nearly 221 projects from EBRD. The firm is a vertically integrated manufacturer of architectural aluminium systems with more than 10 production sites operating in more than 60 countries worldwide.

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EDITED BY : 2MINS READ

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