Egyptalum plans to develop and rehabilitate the current smelter and evaluate the capital expenditures required to ensure operation for another 25 to 30 years of the operational life of the current smelter, with compliance with all health, safety, and environmental laws and standards.
The project will increase the current production capacity from (320,000 tonnes per year) to about (420,000 tonnes per year).
The total expected investment cost reaches USD$300 million.
Egyptalum said, in a statement to the Egyptian Stock Exchange, that the company's rehabilitation includes the scope of business, the aluminium production lines sector, the electrical network transformers and power units’ sector, the factory equipment sector connected by anodic conductors, the carbon area, the water networks sector, equipment for air compressors and industrial gases stations, and the foundry sector.
As well as the rehabilitation of the rolling mill, workshop sector, extrusion factory, laboratories, transportation sector, and the unloading and shipping equipment in Safaga Port.
Egyptalum also plans to establish a new production plant in Safaga with a production capacity of up to 300,000 tonnes per year. According to the investment map for the public business sector, the project aims mainly to cover a large percentage of the local market's needs and 70% of exports.
The factory also includes adding a special unit for producing alumina from bauxite ore to reduce the production cost, as the company is currently importing alumina from various countries, and the total expected investment cost is USD$1.9 billion.
According to the investment map, Egyptalum plans to launch a new project to manufacture aluminium car wheels using LPDC technology and molten aluminium.
The project's production capacity is 2 million car wheels made of aluminium alloy annually of various types and sizes (65 for 17-inch, 35% for 18-inch).
The total estimated investment cost of the project is about €154 million, in addition to studying the establishment of a new project to produce aluminium foil to meet the local market's needs, as Egypt's imports of this product amount to about USD$120 million annually.
Egyptalum is also starting a feasibility study to purchase a machine that produces slugs that are used for producing medical tubes.
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