Company: Egypt Aluminum
Country: Egypt
Sector: Aluminum
CEO: Mahmoud Agour
Website: https://www.egyptalum.com.eg/
Careers Page: Not publicly listed
LinkedIn: https://www.linkedin.com/company/egypt-aluminum-company
Email: Not publicly listed
Headquarters: Nag Hammadi, Qena Governorate, Egypt
Founded: 1969
Valuation/Revenue: $674.5m revenue / $812.5m market value (African Business Top 250, 2025); $870m FY2024/25 revenue and $2.1bn market value (Forbes Middle East, Egypt’s 50 Most Valuable Companies 2026)
Egypt Aluminum (Egyptalum, formally the Aluminium Company of Egypt) is Egypt’s sole primary aluminium smelter and one of the largest aluminium producers in North Africa. Founded in 1969 and majority state-owned, the company mines bauxite-adjacent inputs and smelts, casts and processes aluminium into ingots, slabs, billets, wire rod and extruded products for domestic and export markets from its industrial complex in Nag Hammadi, Upper Egypt.
What Does Egypt Aluminum Do?
Egyptalum operates an integrated primary aluminium production complex including potrooms (electrolytic smelting cells), cast houses, rolling mills and extrusion plants. It produces roughly 300,000+ tonnes annually of raw and semi-finished aluminium products, including ingots, slabs, billets, wire rod and extruded profiles, supplying Egyptian manufacturers in construction, packaging, electrical cabling and transport, as well as exporting aluminium products regionally and internationally. As Egypt’s only primary aluminium smelter, it plays a strategically important role in the country’s industrial base and import-substitution policy for a metal with wide downstream manufacturing uses.
Is Egypt Aluminum Legit?
Yes. Egyptalum is a long-established, majority state-owned company listed on the Egyptian Exchange (EGX), with decades of continuous industrial operation and regular inclusion in rankings of Egypt’s largest listed companies, including Forbes Middle East’s list of Egypt’s most valuable companies.
How Big Is Egypt Aluminum?
African Business’s Top 250 Companies in Africa (2025) recorded Egyptalum’s revenue at roughly $674.5 million with a market value of about $812.5 million. More recent data from Forbes Middle East’s 2026 ranking of Egypt’s 50 Most Valuable Companies put Egyptalum’s FY2024/25 revenue at approximately $870 million, generated from around 295,000 tonnes of aluminium sales, with a market value of roughly $2.1 billion, indicating significant growth in the company’s valuation over the period covered by these two sources.
Who Runs Egypt Aluminum?
Dr. Eng. Mahmoud Agour (also referenced as Mahmoud Abd El-Alim Agour) leads Egyptalum in a senior executive capacity, overseeing the company’s smelting, casting and rolling operations as well as its expansion plans.
Who Owns Egypt Aluminum?
Egyptalum is majority owned by the Egyptian state, reflecting its origins and continued designation as a strategically important national industrial asset, with a portion of shares held publicly and traded on the Egyptian Exchange.
Where Is Egypt Aluminum Headquartered?
Egyptalum’s production complex and headquarters are located in Nag Hammadi, Qena Governorate, roughly 100 kilometres north of Luxor in Upper Egypt, a location chosen historically for its proximity to Nile hydroelectric power used in the energy-intensive aluminium smelting process.
What Has Egypt Aluminum Been in the News For Recently?
Egyptalum has been in industry news for major expansion announcements, including a proposed multi-billion-dollar alumina refinery development in partnership with commodities trader Trafigura and Bahrain’s Aluminium Bahrain (Alba), aimed at securing upstream alumina supply for Egyptian smelting operations. The company has also announced a roughly $1.3 billion investment initiative to expand production capacity by approximately 300,000 tonnes annually and to enter aluminium foil manufacturing, signalling a significant capacity and product-range expansion for Egypt’s aluminium industry.
How Does Egypt Aluminum Compare to Its Competitors?
As Egypt’s only primary aluminium smelter, Egyptalum has limited direct domestic competition in primary smelting, though it competes with imported aluminium and with regional Gulf producers such as Aluminium Bahrain (Alba) and Emirates Global Aluminium for export markets; its planned alumina refinery partnership with Alba and Trafigura reflects a strategic move to integrate further up the value chain rather than compete purely on smelting capacity.
Why Is Egypt Aluminum’s Location Significant?
Egyptalum’s Nag Hammadi site was chosen in the 1960s specifically because of its proximity to Nile hydroelectric power generated near Aswan and Nag Hammadi, since primary aluminium smelting is extremely energy-intensive and requires reliable, low-cost electricity to be economically viable. This energy dependency remains central to the company’s cost structure and expansion planning today, and its proposed new alumina refinery and capacity expansion projects are likely to require securing additional dedicated power supply, whether from grid electricity, renewable energy, or new generation capacity built specifically to serve the aluminium complex.
Links
Website: https://www.egyptalum.com.eg/
Careers Page: Not found
LinkedIn: https://www.linkedin.com/company/egypt-aluminum-company
Email: Not publicly listed
FAQ
Is Egypt Aluminum a public company?
Yes, it is listed on the Egyptian Exchange (EGX), though majority-owned by the Egyptian state.
Who owns Egypt Aluminum?
The Egyptian government holds a majority stake, with the remainder publicly traded.
What does Egypt Aluminum produce?
Primary aluminium ingots, slabs, billets, wire rod and extruded products from its Nag Hammadi smelting and rolling complex.
How old is Egypt Aluminum?
Founded in 1969, making it more than 55 years old.
Where is Egypt Aluminum located?
Nag Hammadi, Qena Governorate, Egypt, about 100km north of Luxor.
Is Egypt Aluminum expanding?
Yes, it has announced a roughly $1.3 billion capacity expansion and a proposed alumina refinery partnership with Trafigura and Aluminium Bahrain.