Manufacturing Biz #6 - Magazine - Page 31
EBRD supports aluminium
manufacturing in Egypt
T
he European Bank for
Reconstruction and Development
(EBRD) is supporting aluminium
production in Egypt by providing a loan
of up to €13.7 million to Alumil Misr
for Trade & Industry SAE, the Egyptian
subsidiary of ALUMIL SA.
The EBRD’s financing will fund the
construction and installation of a
new aluminium extrusion line at the
subsidiary’s plant in the Polaris Industrial
Zone, Cairo.
The new extrusion line will materially
increase production capacity at ALUMIL’s
Egyptian facility, supporting its vertical
integration strategy and strengthening
its ability to supply advanced aluminium
systems to construction and industrial
sectors across the region. This expansion is
expected to enhance operational efficiency,
reduce supply-chain lead times and enable
higher-value production aligned with
European quality standards.
ALUMIL is a vertically integrated
manufacturer of architectural aluminium
“This investment
represents a key strategic
step in strengthening our
long-term presence in
Egypt.”
systems that is listed on the Athens Stock
Exchange. It operates 10 production sites,
serving over 60 countries worldwide.
ALUMIL’s presence in Egypt forms a
core element of its broader strategy of
establishing regional manufacturing hubs
capable of delivering advanced aluminium
solutions to high-growth markets. The
Egyptian facility, which is located in close
proximity to the Suez Canal, is positioned
as a strategic production and export
platform serving Africa, the Middle East
and surrounding regions.
Mark Davis, the EBRD’s Managing Director
for the Southern and Eastern Mediterranean,
said: “We are very pleased to be partnering
with ALUMIL to expand production
in Egypt. Through this investment, we
are strengthening local manufacturing,
advancing private-sector development and
enhancing industrial competitiveness across
the region.”
George Mylonas, the Chairman and CEO of
ALUMIL, said: “This investment represents
a key strategic step in strengthening our longterm 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.”
Egypt is a founding member of the EBRD,
which has invested more than €14.2 billion
in the country through 221 projects since it
began operating there in 2012.
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