Kandil Steel S.A.E. is the leading downstream flat steel supplier in Egypt and having export capacity. The proposed investment is a US$25 million financing package comprised of an IFC A loan of up to US$12.5 million and mobilization of up to US$12.5 million to finance the Company’s permanent working capital needs.
As stated by the IFC, Kandil Steel is a downstream flat steel value-add and re-rolling holding company in Egypt. The Company is specialized in producing cold-rolled steel, galvanized rolled steel and pre-painted flat steel products. Kandil owns two main operating subsidiaries; i) Kama Coating; and ii) El Obour Metallurgical Industries. These subsidiaries produce cold rolled coils, dark annealed steel (blue steel), cold rolled galvanized steel, and pre-painted steel for local and export markets. As of 2022, Kandil had an installed capacity of 708,000 tons per annum with exports to over 40 countries.
Kandil Steel is owned by the Kandil family (86.2%), Marubeni Itochu Steel Inc, Japan (10.1%), and JFE Steel Corporation, Japan (3.7%).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||JFE Steel Corporation||Investor||Industry and Trade|
|-||-||-||-||Kandil Steel SAE||Client||Industry and Trade|
|-||-||-||-||Marubeni-Itochu Steel Inc||Investor||Industry and Trade|
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Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Kandil Steel S.A.E.:
Baher Abdelmalek - Chief Corporate Development Officer
Phone: +20 1005155036
Address: Parcel of Land No. 5, Block 13035-11771, Industrial Zone, Obour City, Cairo, Egypt
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