The Clap
According to sources, Egypt Aluminum (EGAL) is operating some manufacturing cells that were suspended in the last period due to malfunctions, to meet the increase in local demand.
Claps Class
The cell is the name of the place where aluminum is produced.
The Deets
Sources added that the company is fixing faults in 42 cells, in addition to increasing the production capacity of the already operating cells.
These reforms are taking place to provide the aluminum required in the market, as import restrictions limit push companies to local producers.
Why this Matters
Egyptalum is planning developments in its factory at an initial cost of $2.5 billion to raise production capacity from 320,000 tons to 570,000 tons annually.
