Egypt Aluminum (Egyptalum) will review on 31 December offers it received in a tender to build a new USD 600 mn product line that’s expected to increase production capacity to 570K tonnes from 320K tonnes, the company said in an EGX disclosure (pdf). Nine companies have submitted offers, including the US’ Bechtel Corporation and Canada’s SNC-Lavalin, Al Mal had previously reported. The state-owned company has reportedly been in talks with five local and international banks to finance a portion of the project.

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