{"id":604564,"date":"2018-12-06T04:03:10","date_gmt":"2018-12-06T04:03:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/algioshy-steel-to-invest-egp-500-mn-in-second-steel-rebar-production-line\/"},"modified":"2018-12-06T04:03:10","modified_gmt":"2018-12-06T04:03:10","slug":"algioshy-steel-to-invest-egp-500-mn-in-second-steel-rebar-production-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/algioshy-steel-to-invest-egp-500-mn-in-second-steel-rebar-production-line\/","title":{"rendered":"AlGioshy Steel to invest EGP 500 mn in second steel rebar production line"},"content":{"rendered":"<p><b>INVESTMENT WATCH- AlGioshy Steel will invest EGP 500 mn to add a second production line at its steel rebar factory<\/b> in Sixth of October by the end of 2019,CEO Tarek AlGioshy told <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1O41VX\">Reuters<\/a> on Wednesday, noting that it will not be financed by bank debt thanks to high interest rates. <a href=\"http:\/\/www.algioshysteel.com\/index.html\">AlGioshy Steel<\/a> started production of rebar <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/14\/kabil-breaks-ground-on-polaris-sme-industrial-complex\/\">back in January<\/a> at its EGP 500 mn factory. The company also plans to build an iron ore plant, but has not yet set a date to begin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- AlGioshy Steel will invest EGP 500 mn to add a second production line at its steel rebar factory in Sixth of October by the end of 2019,CEO Tarek AlGioshy told Reuters on Wednesday, noting that it will not be financed by bank debt thanks to high interest rates. AlGioshy Steel started production of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[317,72,7196,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604564","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-commodities","tag-enterpriseam","tag-industry","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2327a8e9-6a1e-471d-a2d2-57a31efca159","order":"0","is_powered_by":true,"section_story_id":"643c444f-149a-40d1-a010-040444763f6d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604551],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AlGioshy Steel to invest EGP 500 mn in second steel rebar production line - 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\/2018\/12\/06\/algioshy-steel-to-invest-egp-500-mn-in-second-steel-rebar-production-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AlGioshy Steel to invest EGP 500 mn in second steel rebar production line\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- AlGioshy Steel will invest EGP 500 mn to add a second production line at its steel rebar factory in Sixth of October by the end of 2019,CEO Tarek AlGioshy told Reuters on Wednesday, noting that it will not be financed by bank debt thanks to high interest rates. 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