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Latest in Tag: plant

CIT minister to inaugurate $30m fibre optics plant

Minister of Communications and Information Technology Yasser El-Kady is set to inaugurate a fibre optics factory in Badr city on Tuesday. The plant is owned by HitekNofal Solutions and the Chinese Hengtong Group with investments up to $15m. An informed source at HitekNofal Solutions said that the plant will be established on three stages, the …

Mohamed Alaa El-Din

Egyptian Steel signs $ 210 million deal with Danieli

Egyptian Steel signed Wednesday a $ 210 million agreement with Daneili SpA (DANR), an Italian company specialised in supplying plants and equipment to the steel industry, to supply production lines for Egyptians Steel’s new plant in Ain el-Soukhna. Prime Minister Hesham Qandil witnessed the agreement signing ceremony between Ahmed Abou Hashema, Chairman of Egyptian Steel, …

Islam Serour

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