Cairo – Egypt Aluminum has awarded Consulting Engineering Group (CEGMAN) a contract to develop a feasibility study for the implementation of a new car wheel rim production line.

The company will start procedures to sign the contract with CEGMAN, according to a bourse disclosure on Sunday.

During the first nine months of FY20/21, Egypt Aluminum suffered net losses of EGP 347.72 million, down from EGP 1.02 billion in the corresponding period a year earlier.

Source: Mubasher

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