Egypt seeks financing for new tinplate factory

Published June 10th, 2001 - 02:00 GMT

The General Lithographic Egypt company is currently seeking investors to finance a new tinplate factory with a 100,000 metric tons a year production capacity. The plant would satisfy Egypt’s growing demand for tinplate, presently growing at a rate of 25 percent a year, according to Platt’s Commodity News.  

 

Tinplate, used for making cans for food and aerosol products, would be produced by the new plant, via a process in which imported Blackplate, which are sheets of steel, would be covered in tin.  

 

A feasibility study for the project, prepared by USX Engineers and consultants (UEC), was recently completed with an $89,680 grant from the US Trade Development Agency.  

 

Nearly 13,000 metric tons of tinplate is consumed every year by Egypt. This rate is estimated to grow by 20 percent over the next two years as local production is expected to increase.  

 

The government hopes to improve packaging standards of products using tinplate, so as to boost sales of canned products on local and international markets. Presently, most of Egypt’s tinplate is imported from Germany, Japan, and Italy.  

 

Once the necessary funding is acquired, the factory is expected to be up and running within two years. Tinplate from the plant would be sold both locally as well as in other Middle Eastern countries. — (MENA Report)

© 2001 Mena Report (www.menareport.com)


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