The Misr Aluminum Company Egyptalum has awarded the US-based company Bechtel an engineering consultant contract for the former's seventh production line project. The project aims to increase Egyptalum's production of aluminium, with Bechtel highly qualified in managing aluminium smelters projects. The company will start implementing the project before the end of 2020. In a two stage process, Egyptalum aims to increase its production of primary aluminium by 250,000 tonnes per year using modern technology.

Egyptalum is a subsidiary of the Metallurgical Industries Holding Company, which itself falls under the Ministry of Public Enterprises Sector's umbrella. It revealed that losses of about EGP 994 million in FY 2019/20, compared to a profit of about EGP 571 million in FY 2018/19. Egyptalum said that it achieved revenues of EGP 7.2 billion in FY 2019/20, compared to EGP 12.1 billion in FY 2018/19.