Egyptian Iron and Steel Company liquidates, divided into two new entities

EGYPT – The board of directors of the Egyptian Iron and Steel Company (EISC) have passed a resolution of liquidating the company and dividing it into two new entities, a company for iron and steel and another for mines and quarries. The EISC has been one of the country’s industrial icons since its establishment in 1954 and start of operations in the early 1960s. The move lays the groundwork for private sector investments to play a role in the two companies in the future, in light of the state’s plan…

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