Zulficar & Partners Advises El-Marakby Steel on Purchase of Rolling Mill Plant
Zulficar & Partners advised El Marakby Steel on its recent multi-million euros purchase of a rolling mill for bar and wire rod from SMS Group, an international group of companies active in plant construction and mechanical engineering.
The mill is designed to produce at a capacity of 400,000 tons per year of rebars and wire rod coils and will enable El Marakby to expand its products portfolio and meet the increased demand of both rebars and wire rod coils in Egypt.
Zulficar & Partners represented El Marakby in negotiating and finalizing the supply agreement with SMS Group. Founding Partner Mona Zulficar took part in the negotiations led by Partner Ali El Hawary, and assisted by Associate Nour El-Deen Al-Senawy.