The Holding Company for Metallurgical Industries signed on Thursday a memorandum of understanding (MoU) with Switzerland-based metals industry-focused Research and Consulting Group (RCG) to revamp assembly lines at four of the state-owned company’s subsidiaries, according to a Cabinet statement. Under the MoU, RCG will conduct a technical appraisal and suggest development plans to support the lines’ efficiency as part of the Public Enterprises Ministry’s plan to turn around state firms. The state-owned company launched a tender last October to hire an industrial consultancy for its subsidiaries Egyptian Copper Works, Nasr Forging Company, Metalco, and El Nasr Steel Pipes and Fittings.

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