{"id":544751,"date":"2022-03-20T04:00:27","date_gmt":"2022-03-20T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/20\/delemar-aluminum-to-invest-egp-750-mn-in-new-factory-eyes-ipo-in-2023\/"},"modified":"2022-03-20T04:00:27","modified_gmt":"2022-03-20T04:00:27","slug":"delemar-aluminum-to-invest-egp-750-mn-in-new-factory-eyes-ipo-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/20\/delemar-aluminum-to-invest-egp-750-mn-in-new-factory-eyes-ipo-in-2023\/","title":{"rendered":"Delemar Aluminum to invest EGP 750 mn in new factory, eyes IPO in 2023"},"content":{"rendered":"

<\/a> Delemar Aluminum<\/a><\/strong> is investing EGP 750 mn in a new factory in Sadat City<\/strong>, with an eye to begin construction work before the end of the year, CEO Mahmoud Haroun told Hapi Journal<\/a>. The factory will take three years to complete.<\/p>\n

This follows the opening of its new factory<\/strong>:<\/strong> The company announced it has built an architectural glass factory \u2014 Delemar for Processed Glass (DPG) \u2014 in the Sixth of October industrial zone with an annual production capacity of 600k sqm, according to a press release (pdf)<\/a>. The company plans to invest up to EGP 600 mn in the factory and double or triple its capacity by next year.<\/p>\n

Big investment plans:<\/strong> The company plans to double its investments over the next five years, Haroun said in the release. It also plans to ramp up exports to 40% this year, up from 15-20% in 2021.<\/p>\n

And an IPO in the cards? <\/strong>Delemar is considering listing on the EGX next year, and plans to discuss the possibility in a general assembly meeting sometime this year. The company is studying the possibility internally with its own chartered accountants, and has not yet tapped any investment banks to advise on the offering, Haroun said, without disclosing the exact timeline, size or value of the planned IPO.<\/p>\n

About Delemar: <\/strong>The company is among the largest producers of extruded aluminum products<\/a> in Egypt and the Middle East region, producing around 20k tons of aluminum annually.<\/p>\n

IN OTHER INVESTMENT NEWS- <\/strong><\/p>\n

Industrial gas producer Gulf Cryo will start operating its new factory in Tenth <\/strong>of Ramdan city early next year<\/strong>, Al Borsa<\/a> quoted Logistics Director Fathy Saad as saying. The new plant will have a production capacity of around 160 tons of liquid oxygen per day, and some 40 tons of nitrogen per day, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Delemar Aluminum is investing EGP 750 mn in a new factory in Sadat City, with an eye to begin construction work before the end of the year, CEO Mahmoud Haroun told Hapi Journal. The factory will take three years to complete. This follows the opening of its new factory: The company announced it has built […]<\/p>\n","protected":false},"author":1,"featured_media":544752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[1403,72,1402,125,78,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-delemar-industry-group","tag-enterpriseam","tag-gulf-cryo","tag-investment-watch","tag-ipo-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"b1f22354-cec1-482b-a371-ac5b48522704","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/250.jpg","photo_position":"above","related_issue":[544738],"teaser":"","voice_url":""},"yoast_head":"\nDelemar Aluminum to invest EGP 750 mn in new factory, eyes IPO in 2023 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/20\/delemar-aluminum-to-invest-egp-750-mn-in-new-factory-eyes-ipo-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delemar Aluminum to invest EGP 750 mn in new factory, eyes IPO in 2023\" \/>\n<meta property=\"og:description\" content=\"Delemar Aluminum is investing EGP 750 mn in a new factory in Sadat City, with an eye to begin construction work before the end of the year, CEO Mahmoud Haroun told Hapi Journal. 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Here\u2019s the rundown:Egypt Otsuka plans USD 30 mn factory: The local unit of Japanese pharma company Otsuka plans to invest USD 30 mn in a new factory to produce nutritional supplements and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568061,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/monginis-to-invest-egp-200-mn-over-the-next-two-years-to-expand-their-presence-nationwide\/","url_meta":{"origin":544751,"position":1},"title":"Monginis to invest EGP 200 mn over the next two years to expand their presence nationwide","author":"enterpriseam admin","date":"16 December 2020","format":false,"excerpt":"Sweets maker Monginis is planning to invest EGP 200 mn to double their number of stores to 200 by 2022, Business Development Director Osama Soliman told Amwal Al Ghad. Monginis is currently mulling opening seasonal stores in tourism cities such as Hurghada, Ain Sokhna, and Sharm El Sheikh. The company\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599545,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/mng-to-invest-egp-230-mn-in-borg-el-arab-pharmaceuticals-factory\/","url_meta":{"origin":544751,"position":2},"title":"MNG to invest EGP 230 mn in Borg El Arab pharmaceuticals factory","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"MNB Pharmaceutical Company is planning to invest EGP 230 mn in a new meds production facility in Borg El Arab, Chairman Mohamed Bazazo said. The first phase of the factory will come online by January 2021, and will be fully commissioned in 2025, according to Bazazo. The company plans to\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/nestle-to-invest-egp-600-mn-to-set-up-new-mineral-water-factory-in-egypt\/","url_meta":{"origin":544751,"position":3},"title":"Nestl\u00e9 to invest EGP 600 mn to set up new mineral water factory in Egypt","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Nestl\u00e9 will invest EGP 600 mn in three years to set up a new bottled water factory, and spend EUR 30 mn next year to add two production lines to its existing facility near Banha, the company\u2019s business executive officer Rasem Dabbas told the press. Dabbas made no\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599094,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/gsk-inaugurates-new-egp-20-mn-line-in-its-giza-egypt-factory\/","url_meta":{"origin":544751,"position":4},"title":"GSK inaugurates new EGP 20 mn line in its Giza, Egypt factory","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"INVESTMENT WATCH- GSK inaugurates new EGP 20 mn line: GlaxoSmithKline (GSK) Consumer Healthcare inaugurated a EGP 20 mn production line yesterday, according to an Investment Ministry statement (pdf). The company will now have 11 production lines at its Giza facility, allowing it to produce 90 million boxes of the pain\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/465.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568258,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/monginis-to-open-second-factory-in-2q2021\/","url_meta":{"origin":544751,"position":5},"title":"Monginis to open second factory in 2Q2021","author":"enterpriseam admin","date":"23 December 2020","format":false,"excerpt":"Sweetmaker Monginis is planning to inaugurate its planned EGP 100 mn factory in Sadat City in 2Q2021, Business Development Director Osama Soliman said. The company had been planning to open the factory \u2014 its second in Egypt \u2014 by the end of the year or in early January, after sales\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544751"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544751\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544752"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544751"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544751"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}