Egypt's alloys industry key to national strategy, minister says

Egypt's industrial strategy is significantly bolstered by the alloys sector, which Industry Minister Khaled Hashem described as a vital complementary industry. This sector provides essential inputs for iron, steel, and heavy industries, while also maximizing the use of mineral resources and increasing the value of local raw materials.

During a visit to the Abu Zenima Industrial Zone in South Sinai, Hashem underscored the significance of silicon-manganese and ferromanganese alloys produced by the Sinai Manganese Company. These alloys are crucial for both domestic consumption and international export, enhancing the quality of finished products by improving steel purity and mechanical properties like hardness and durability.

The growing demand for alloys, driven by the global engineering and construction industries, strengthens the role of companies like Sinai Manganese. Their production efforts are key to boosting local output, reducing reliance on imports, and lowering production costs. The ministry is actively working to expand supporting industries for the iron and steel sector, aiming to integrate them into local and global supply chains.

Furthermore, the ministry is collaborating with the South Sinai Governorate to develop the Abu Zenima Industrial Zone. This includes upgrading utilities, identifying suitable industries based on local resources, and ensuring a skilled workforce is available for future factories. The Sinai Manganese plant itself represents a substantial investment, with a current annual capacity of 18,000 tons, targeted to reach 50,000 tons by the end of 2028. Approximately 60% of its components are locally sourced, and 49% of its production is exported to countries including Türkiye, Libya, and Italy.