Inter Cairo Company for aluminum industry is aiming to launch new factory for aluminum with the participation of a numbers of Chinese and Almalizin investors with US$500 million investment cost.
Chairman of Inter-Cairo Khaled Ali Abdallah revealed that the production capacity of the new factory which is 10.000 tonnes of aluminum in manufacturing car bodyshop .He pointed out that the factory’s products serve nearly 54 private intermediate industry specially household and automotive industries.
In statements on Sunday, Abdallah explained that it has addressed a number of Global automakers including Volkswagen Group , Bavarian Auto Trading Company (BMW) in order to introduce them to the products of the factory which will be established, noting that the proportion of the contribution of the foreign partner in the factory will not exceed 40% of total capital.
The company had intentions to set up huge industrial complex for aluminum with total a notification from the 6th of October City that the area is available for the project and it does not exceed 40 thousand feddan, resulting in a decline on the implementation of the complex investment cost ups US1 billion on an area of 200.000 meters in Oasis but it received a notification from 6th of October City regarding the area of project which do not exceed 40.000 feddan which led to declining the implementation of the complex.
