Five companies make tender offers to build EgyptAlum’s USD 600 mn product line

Five companies are bidding to build Egypt Aluminum (EgyptAlum)’s new product line, whose estimated capacity is 250k tonnes per year, according to an EGX disclosure (pdf). The US’ Bechtel, PROJECAS, Home International and Canadian companies HATCH and SNC-Lavalin have all submitted offers for the USD 600 mn project. EgyptAlum did not disclose a date for when the selected bid will be announced.