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Egypt Aluminum awards CEGMAN car wheel rim production line contract

Egypt Aluminum awards CEGMAN car wheel rim production line contract
The company will start procedures to sign the contract with CEGMAN
Egypt Aluminum
EGAL
1.09% 15.76 0.17

Cairo – Mubasher: Egypt Aluminum has awarded Consulting Engineering Group (CEGMAN) a contract to develop a feasibility study for the implementation of a new car wheel rim production line.

The company will start procedures to sign the contract with CEGMAN, according to a bourse disclosure on Sunday.

During the first nine months of FY20/21, Egypt Aluminum suffered net losses of EGP 347.72 million, down from EGP 1.02 billion in the corresponding period a year earlier.