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Elmarakby Steel to invest EGP 1 Billion in renewable energy, aiming for global growth

Egypt’s leading steel manufacturer, Elmarakby Steel, has announced plans to invest EGP 1 billion in renewable energy projects over the next two years.

Elmarakby Steel to invest EGP 1 Billion in renewable energy, aiming for global growth

The company has taken significant steps towards environmental compliance by obtaining Environmental Product Declarations (EPD) approved by the UK-based Certification Authority for Reinforcing Steels (CARES). These certifications enhance Elmarakby Steel’s credibility in global markets, positioning it among leading sustainable steel producers.

In addition to its sustainability initiatives, Elmarakby Steel is focused on expanding its global market presence. The company aims to increase its exports by 17%, reaching 140,000 tons, and plans to operate in 40 international markets by 2025. This expansion strategy is expected to strengthen its competitive edge in the global steel industry.

One of the key highlights of Elmarakby Steel’s export strategy is the growing volume of exports to Brazil. The company has obtained quality certification from the Brazilian Falcão Bauer Quality Institute, enabling it to export up to 40,000 tons of rebar to Brazil in 2024.

As Elmarakby Steel continues to implement its investment and expansion plans, the company is poised to enhance its competitiveness and contribute to the transformation of the steel industry toward a more sustainable future.

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