No. 04



El-Ezz/Danieli Agree To Set Up Steel Plate Plant

El-Ezz Group of Egypt and Danieli & Company ofItaly have signed an agreement to set up a jointly owned plant in Suez for the manufactureof 1mn tons/year of steel plate. El-Ezz Group will have a 40% interest in the venture andDanieli another 25%, with the remainder held by local and foreign investors. The plant,whose cost is estimated at about $470mn, will produce steel plate of up to 1.55 ms. inwidth and a...