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Medhat Nafie, president of the Holding for Metallurgical Industries, one of the companies of the Ministry of Public Works, confirmed that the winner of the development of Iron and Steel Company will be announced in a month, stressing that all alternatives financing are available.
Dr. Medhat Nafea said in a comprehensive dialogue for "the seventh day" that the holding company made a big step in the matter of repaying the debts of the National Bank of Investment, ie on the companies in liquidation, Debts on companies existing or on a holding company
On the details of the debt, Nafie stated that the debts of the National Investment Bank towards the liquidated companies were greater than LE 5 billion. After the negotiations, it was agreed to pay 800 millions of pounds, 25% of which were paid.
The second part of the debt amounted to about 2.9 billion pounds, former debt to enterprises was agreed to settle in 2007 in accordance with the framework agreement, so that the exchange of shares and badets debt, but not activated, and will be settled immediately Procedures of the Ministry of Finance.
On the non-use of the new plant for surpluses Nafi pointed out that it is important that the company has loans, any company that n & n No loans in the financial statements considered unhealthy, and borrow to complete the project as a strong and financially sound solvency.Z from outside of Egypt's development banks, which provides a currency and difficult interests does not exceed 2% only.Not to mention the study of other available financing solutions.
The investment of the new plant d & # 39;
Medhat Nafie explained that the company's new investment could reach 13 billion pounds to increase production to 750 thousand tons, up from 250
Dr. Medhat Nafie, president of the holding company for the metallurgical industries revealed that the targeted exports of the 12 companies were about 12 billion pounds FY 2018-2019, while the current fiscal year was about 10.4%. billion c Yeh for the first time.
million. Medhat Nafie added that the exports made by the public financial corporation 2017-2018 amounted to about 10.4 billion pounds, while actual exports amounted to 6.9 billion pounds. fiscal year 2016-2017.
Medhat It is beneficial that all branch managers advise to increase exports to provide hard currency, improve the financial position of companies and increase profitability rates as part of marketing and marketing promotion. Opening of new markets.
Photos from Medhat Nafie (3) The last movie in which he played was Midhat Nafie (3)
Significant increase in the volume of exports abroad [1945] 9012]
On the largest companies exporting Egyptian products abroad, Nafie stated that Egypt Aluminum Company exports of £ 758 million, compared to £ 704.4 million this year, compared to £ 467.8 million in 1965-2017.
Ferrous alloys target exports of 882.6 million pounds, compared to this year's exports, exceeding one billion pounds, while the 2016-17 fiscal year reached around 695 million pounds.
Coke aims to export about 844.5 million pounds, compared to this year's exports raises to over a billion pounds and exports from the 2016-17 fiscal year, Photo : Medhat-Nafie- (4). Jpg "C is a very nice picture, Al-Nasr Mining Company is targeting the next fiscal year about 1.92 million LE, against exports of 690 million pounds this year, and exports of the year fiscal 2016-2017 It reached 830 million pounds
The new project, when it was introduced, involved the development of 39; a kidney and the establishment of a new iron ore plant, and included a pamphlet
from here two years, the company will be excellent, we are working on the l 39; improvement of the same raw material, the development of the old factory, the rehabilitation of kilns and other production units, the third is the payment of debts.
Committee for Scrap Metal and Scrap
Therefore, scrap metal, for example, is inventoried by experts outside the company because it is there. one of the best types of scrap in Egypt, Billion pounds, and we open the door to everyone to buy and we did commercials for humiliation
He said that the copper company had very good opportunities, that she owned important products and that the company was in difficult conditions the last period and suffered from stumbling.
Like porcelain, porcelain, glbad and crystal, I am sure of the great growth of these companies, explaining that the land of the factory Sheni in Beni Suef He had offenses and was treated and we are studying the establishment of the Medhat Nafie b plant said that the energy file difficult files where the charge of excess costs can not be transferred to the product prices, especially those that are badessed globally , and there are countries that set lower prices for Egypt. The launch of energy prices, we seek to reduce the risk of it, the impact of the decision on the products whether aluminum or iron.
He explained that the electricity produced with aluminum and electricity was producing aluminum and was consuming more than 300 million of electricity books, more than 35% of the cost of production. To deal with the current situation, Medhat Nafie said that we are working on two tracks: the first is to tie the price of electricity to a formula that does not exceed 30% because the world average is 28% . 19659006] The other track We seek to use solar energy through the construction of a station in Naga Hammadi provides us half of the energy consumed at a fixed price We have ideas and presentations to study for mitigation.
It is also possible to participate in energy production projects in order to diversify the portfolio of investments and ensure a high level of profit.
[1965906] New batteries for Coke
The head of the metallurgy company says that the coke company needs batteries, and now we qualify a battery and a Ukrainian company, and construction is under way, so two years later
(19659006) and will be presented to the Minister of Public Sector Hisham Tawfik, considering that the integration of new technology in the private sector, Iron and steel with coke mean the sinking of both companies, and must He said: Now every company must study solutions for itself, and iron and steel must fend for themselves not to be like the black hole that grows, so the management of the company must
Not only all metal holding companies are proof that every company has one or two projects to increase production and reduce losses, and all companies will be a winner. next year, except for a company or only 2 and must We dream that Holding is ready to finance any project for the subsidiaries.
The chairman of the metallurgical holding company welcomed the business activity and the great development of the work in parallel with the expansion of projects. Inside and outside of Egypt as well as live the maritime activity and repair 'dry dock' repair boats, and therefore support them substantially go.
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