Ashry to invest EGP 4 bn in new steel manufacturing projects over three years

Ashry Steel is planning to invest EGP 4 bn in new projects over three years, bringing its total investments to EGP 10 bn, Vice President Norhan El Ashry said, according to Al Mal. The company recently broke ground on a EGP 2 bn rebar, sections and steel tubes, and pipes factory in 6 October, which is expected to go online in June.