The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €13.7m to Alumil Misr for Trade and Industry, the Egyptian subsidiary of Greek firm ALUMIL, to fund a new aluminum extrusion line. The line will be built at the company's plant in Cairo's Polaris Industrial Zone, boosting production capacity and operational efficiency. The expansion supports vertical integration and supplies advanced aluminum systems to regional construction and industrial sectors.
The European Bank for Reconstruction and Development (EBRD) has announced a loan of up to €13.7m to Alumil Misr for Trade and Industry, the Egyptian arm of ALUMIL, a Greek vertically integrated manufacturer of architectural aluminum systems. ALUMIL is listed on the Athens Stock Exchange and operates 10 production sites serving more than 60 countries worldwide.
The funding will support the construction and installation of a new aluminum extrusion line at the subsidiary's plant in Cairo's Polaris Industrial Zone. Positioned near the Suez Canal, the facility serves as a strategic production and export hub for Africa, the Middle East, and adjacent regions.
The new line is set to significantly boost production capacity, advance vertical integration strategies, improve operational efficiency, shorten supply-chain lead times, and enable higher-value output meeting European quality standards.
Mark Davis, EBRD’s Managing Director for the Southern and Eastern Mediterranean, stated: “Through this investment, we are strengthening local manufacturing, advancing private-sector development and enhancing industrial competitiveness across the region.”
George Mylonas, Chairperson and CEO of ALUMIL, added: “This investment represents a key strategic step in strengthening our long-term presence in Egypt. By expanding our manufacturing capabilities, we are creating a regional hub that enables greater operational flexibility aligned with European quality standards. The partnership with the EBRD is instrumental in advancing this vision and the development of a robust industrial footprint in the region.”
Egypt is a founding member of the EBRD, which has committed more than €14.2bn to 221 projects in the country since starting operations there in 2012.