ArabFinance: The Metallurgical Industries Holding (MIH) will appoint a liquidator next week in order to wind up the Egyptian Iron and Steel company (EISC), according to Alborsa News.
MIH stated that it will proceed with the establishment of a new company for mines and quarries.
EISC’s parent company also said it has reviewed Sahara company’s request to develop EISC and did not receive any answers on its inquiries.
The EISC has been one of the country's industrial icons since its establishment in 1954 and the start of operations in the early 1960s.
ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
