Steel

Egyptian Steel

Company Name : Egyptian Steel (ES)
Year of Involvement : 2011
Country : Egypt

FEP Role : Egyptian Steel is a steel producing and trading group. FEP advised on setting up the group and the initial acquisition of two idle steel plants in Alexandria and Port Said in 2012. Since then, ES has been on an aggressive expansion strategy to become a leading producer of steel rebars in the local market. FEP led the efforts to set up two greenfield factories and provided technical and financial advisory. These new plants were built using the latest technology from Danieli (Italy) by rolling the billets to rebars through endless rolling. This technology is distinguished for saving time and energy in reheating billets. The two new plants are among the first in the world to apply this technology. FEP was involved directly in negotiations with technology providers, civil contractors, the power authorities (for the gas concessions) as well as financial institutions to secure two syndicated loans worth over EGP 3.8 billion. Egyptian Steel is expected to capture 20% share of Egypt’s steel market by 2017.

Egyptian Steel

Company Name : Industrial Investment Co. (IIC)
Year of Involvement : 2011
Country : Egypt

FEP Role : FEP advised on the acquisition of IIC, and the restoration of its steel coils factory in Alexandria. In a mere six months period, an idle factory has become a production site of 300,000 tons of steel coils per annum. A new rebar rolling mill replaced the wire rod rolling line with 233,000 tons/yr production capacity. FEP also secured operational license, industrial land and natural gas concessions for a greenfield factory in Beni Suef with a capacity of 830,000 tons of steel billets and 530,000 tons of rebars annually. FEP successfully raised the required project finance for Beni Suef factory, which is scheduled to commence operations in the third quarter of 2016. FEP has a management mandate to oversee the production at all IIC factories.

National Port Said Steel (NPSS)

Company Name : National Port Said Steel (NPSS)
Year of Involvement : 2011
Country : Egypt

FEP Role : National Port Said Steel (NPSS) is a major steel producer in Eastern Egypt. NPSS launched its first production site in 2000. FEP advised on the acquisition of NPSS in 2011. From there, FEP led a revamping initiative that saw the factory’s production triple in one year taking the production levels to 300,000 tons of rebars per annum. FEP is leading efforts to operate a second site in AlAin AlSokhna after securing an industrial license and land in addition to a gas concessions. The new site is expected to produce 530,000 tons of rebars and 830,000 tons of steel billets per annum. FEP was able to secure a syndicated loan for the development of AlAin AlSokhna factory. Currently, FEP is managing production at Port Said site, and undertaking full project management control at AlAin AlSokhna which is scheduled to commence operations in the first quarter of 2017.

Egyptian Steel for Building Materials Trading (ESBMT)

Company Name : Egyptian Steel for Building Materials Trading (ESBMT)
Year of Involvement : 2011
Country : Egypt

FEP Role : Egyptian Steel for Building Materials Trading is a leading steel trading company operating in the Egyptian market. It specializes in importing and distributing rebars, billets and raw materials. With the expansion of Egyptian Steel group operations, the trading platform is expected to handle 1.7mn tons of steel products by 2017. FEP advised on the acquisition of the company and is currently managing its operations.