“Ezz Steel” announced that it is implementing an investment that is about to be completed, aimed at increasing its production capacity of liquid steel, in order to ensure the continuation of production and export of flat steel.
The company said in a statement to the Egyptian Exchange today, that its strategy for growth is based on constantly adding new capabilities.
This is either through self-investment in new projects or by investing in existing companies.
“Ezz Steel” clarified that if the company’s competent authority and all relevant parties take a decision regarding any investments in existing companies, the company will disclose it at the time, after completing the financial evaluation and legal audit.
This statement came in response to the Egyptian Stock Exchange’s inquiries regarding what was published in a newspaper about “Ezz Steel’s” desire to acquire a stake in one of the existing companies.