The construction phase is scheduled to begin in Q1 2025, following feasibility study approvals received two weeks ago.
Port Said for Engineering Works, a subsidiary of the Suez Canal Authority, plans to establish an $80 million aluminum foil factory in the Suez Canal Economic Zone (SCZone) alongside an undisclosed Chinese investor, according to Al Borsa, citing informed sources.
The construction phase is scheduled to begin in Q1 2025, following feasibility study approvals received two weeks ago. The factory will initially produce 60,000 tons annually, with plans to ramp up to 100,000 tons by the end of its first year.
With national aluminum foil consumption estimated between $120 million and $140 million annually, according to Industry Ministry data, the factory aims to address increasing local demand.
This level of consumption translates to approximately 46.7 million tons of foil annually, according to Sherif Abdel Moneim from the Cairo Chamber of Commerce’s home appliances division.
Despite strong demand, Egypt has no operating aluminum foil production facilities. The country once led in foil production but has since seen both of its major factories shuttered due to financial pressures and rising raw material and energy costs, explained Mohamed El Mohandes, head of the Chamber of Engineering Industries.
This production void has increased Egypt’s reliance on imported aluminum foil, with most imports sourced from China. From 2014 to 2023, Egypt’s aluminum foil imports totaled $512 million.
Egypt Aluminium has also announced plans for a $100 million foil production line with a 50,000-ton annual capacity, potentially funded by German technology provider Achenbach.
