Dubai-UAE:10 October, 2010 - National Port Said Steel (NPSS) by Exeed Industries, a leading Cairo-based manufacturer of high-strength, hot rolled concrete reinforcing bars, today announced it has entered into an agreement with Metinvest International SA, the largest Ukrainian mining and metallurgical group of companies, to commence exploring and implementing a wide-range of business cooperation.
Top executives from NPSS, part of Exeed Industries, a privately-held Abu Dhabi-based diversified industrial investment holding company, and Metinvest International SA signed the deal in Istanbul, Turkey. Under the deal, the companies have formulated a commercially viable model that will ensure a seamless collaboration between the two entities.
The scope and scale of the cooperation will foresee information exchange on steel market condition and trends in the respective countries. It will also lead to knowledge sharing on technical information relating to the development of mining and steel industry operations. NPSS commenced its operations in 2002 out of its 50,000 sq metre manufacturing facility in Port Said that has an annual capacity of 360,000 tonnes.
Metinvest International SA, located in Geneva (Switzerland), is the distribution channel of Steel and Rolled Products Division’s Sales Service of Metinvest Group. It is responsible for the export of iron ore raw materials, as well as semi-finished and finished steel products manufactured by Metinvest
Group’s mining and steelmaking companies onto foreign markets outside the Ukraine and the Commonwealth of Independent States (CIS).
Metinvest International has representations and agencies in 12 countries around the world, which constitute the global sales network covering all major regional market segments. The company is present in Istanbul (Turkey), Beirut (Lebanon), Beijing (China), Oppeano (Italy), Belgrade (Serbia), Teheran (Iran), Vilnius (Lithuania), Singapore (Singapore), Dubai (UAE), Tunis (Tunisia) and has authorised agents in Santo-Domingo (Dominican Republic), and Toronto (Canada).
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