The strength of the currency and its relationship to the country’s economy
If the strength of a country's currency is determined by the strength of that country's…
The Holding Company for Metallurgical Industries aims at maximizing the profitability of the subsidiaries with outstanding performance and speeding up the losses of the losing companies and converting them to profitability while exploiting the relative advantages enjoyed by each company within the framework of the comprehensive vision of the economic reform. The company adopts an approach to modernization and development to cope with the accelerating challenges and global competition To become one of the leading national companies locally, regionally and globally.
The Metallurgical Industires Holding Company was established by decree No.429 of 1983 under the name of the Public Sector Authority for Metallurgical Industires. In accordance with the provisions of the public sector companies law No. 203 of 1991 and its implementing regulations, the Metallurgical Industires Holding Company replaced the Public Sector Authority for Metallurgical Industires as an Egyptian Holding Joint Stock Company.
To be a leading institution in the forefront of the industrial and investment sector in terms of size, revenue, quality and growth rates, profitability and competitiveness to be in the forefront locally and to occupy a distinguished position and reputation in the global markets.
The Holding Company for Metallurgical Industries aims at maximizing the profitability of the subsidiaries with outstanding performance and the speed of stopping the losses of the losing companies and turning them into profitability with good utilization of the comparative advantages enjoyed by each company within the framework of the comprehensive state vision for economic reform. To become one of the leading national companies locally, regionally and globally.
The company works to add value to Egyptian raw materials in order to achieve comprehensive and sustainable development and achieve good financial returns to the state through subsidiaries or partnership with other companies.
The Holding Company for Metallurgical Industries is affiliated with 15 active companies and one company under liquidation.The total investment of subsidiaries is about LE 7.1 billion as of June 30, 2018, in addition to total exports of approximately LE 11.2 billion. It also has investments in 12 joint companies, about 565 million pounds, and the total investment income from these companies in 2017/2018 about 1.8 billion pounds, or 23.2%. This is in addition to LE 29.5 million investments in one company under liquidation.
A sustainability strategy has been developed to achieve the three elements of the sustainability concept: better environmental protection, enhanced social responsibility and better governance of funds. The company has taken several steps to implement this strategy as follows:
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