News
Egyptian Iron and Steel finalizes 2 modernization projects - 09 Sep, 2010
Mr Omar Abdel Hady CMD of Egyptian Iron & Steel asserted that the company has completed the technical study of renovation and replacement project at an investment cost of EGP 40 million pointing out that the company is currently preparing a bid to implement the project.

He added that the company has executed 50% of an integrated information system, adding that it completed cables installation and infrastructure works of the project.

Mr Ismail Maeen chief of steel sector of the company pointed out that the company is preparing to offer a public bid for renovation and replacement of company's dolomite mixer after Al Fitr Feast.

It is worth noting that, the company announced previously that it targets implementing five projects at investment cost EGP 420 million during the fiscal year 2010 to 2011.

(Sourced from Almal)



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Price Index - MEA
  Jan-19 Jan-12
MLPPI 5065 5065 Same
MFPPI 5994 5994 Same
MEASPI 5346 5346 Same
Currency Rates
07 Feb, 2012
USD 1.0000
AUD 0.9271
BRL 1.7265
CAD 0.9967
CNY 6.3080
EUR 0.7630
GBP 0.6326
INR 48.9568
JPY 76.7271
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Source: http://www.xe.com
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