Egypt to Produce Silico-Manganese Using Electric Arc

(3 Minutes Read)

The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated for 53 million Egyptian pounds. The contract spans seven years, beginning from the final handover of the furnace, and can be renewed for similar terms under a new agreement between the parties, to be finalized six months before the current contract expires.

The Egyptian Chemical Industries Company (KIMA) has agreed with Al-Sharq Al-Haqiqi for Investment, an Egyptian company backed by Saudi investments, to operate and utilize an electric arc furnace to produce silico-manganese alloys. The partnership is expected to generate an annual revenue of US$1.8 million for the state-owned company.

The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated for 53 million Egyptian pounds. The contract spans seven years, beginning from the final handover of the furnace, and can be renewed for similar terms under a new agreement between the parties, to be finalized six months before the current contract expires.

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Al-Sharq Al-Haqiqi has also secured manganese ore mining rights in the Abu Shaar region and conducted extensive research with its team of experts and technicians. This effort included laboratory and field experiments to evaluate ore utilization and produce silico-manganese alloys meeting global standards, which are essential for the iron and steel industry.