Egypt’s Industrial Growth: Kandil Steel’s Expansions Take Center Stage
On March 15, 2025, Prime Minister Moustafa Madbouli visited the Kandil Steel factory in 10th of Ramadan City, where he officially inaugurated the company’s latest expansion efforts. The expansions are a strategic move by the Egyptian government to enhance local manufacturing, reduce dependency on imports, and bolster the country’s industrial capabilities, specifically in the steel and home appliance sectors.
Boosting Local Manufacturing & Reducing Imports
The Kandil Steel factory expansion is not just about increasing production capacity but also about localizing industries in Egypt. The government’s policy has been clear: prioritize domestic production to cut down the national import bill. By expanding local manufacturing facilities like Kandil Steel, Egypt aims to stimulate its industrial sector while creating thousands of new job opportunities across various domains.
The expansion includes the launch of a state-of-the-art service center for cutting colored and galvanized sheet metal, which will significantly improve production efficiency and the variety of products that can be manufactured. This addition will have a direct impact on home appliance manufacturers, who will now have more access to high-quality raw materials.
Economic Benefits & Job Creation
The new production line at Kandil Steel is a pivotal move for Egypt’s industrial growth, providing direct benefits to the home appliance sector. As Egypt seeks to increase its self-reliance, this facility will reduce the need for imported sheet metal and other essential materials, thus decreasing production costs for domestic manufacturers.
The expansion also plays an important role in job creation. It is expected to create a range of employment opportunities in production, engineering, and logistics, all contributing to Egypt’s overarching goal of reducing unemployment and fostering a skilled workforce in key industrial sectors.
Government Support for Industrial Expansion
The inauguration was attended by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir, as well as Housing Minister Sherif el Sherbini and Investment Minister Hassan el Khatib, showing the government’s high-level support for the expansion efforts. Amr Kandil, the company’s Board Chairman, was also present, highlighting the importance of private-public collaboration in achieving industrial growth.
Prime Minister Madbouli expressed his strong commitment to supporting any factory expansion in Egypt, stressing that this move was an essential part of the government’s broader industrialization policy. As Egypt continues to focus on industrial diversification, Kandil Steel's expansion reflects the country’s push to modernize its industrial base and become a regional manufacturing hub.
Kandil Steel’s Role in Egypt’s Home Appliances Sector
The newly inaugurated production line will be crucial in feeding the home appliances sector, which is a significant part of Egypt’s manufacturing base. This sector relies heavily on high-quality sheet metal for producing products such as refrigerators, washing machines, and air conditioning units.
With the new capabilities at Kandil Steel, manufacturers in Egypt will have access to local, high-quality materials that will help reduce their dependence on imported goods and support the growth of Egypt’s home appliance industry. This is expected to lower production costs, increase local market competitiveness, and boost exports of Egyptian-made appliances to neighboring regions.
Future Outlook for Egypt’s Industrial Landscape
The inauguration of Kandil Steel's expansions is only one step toward a larger vision for Egypt’s industrial future. The government's strategic plans focus on localizing various industries, increasing the use of renewable energy, and fostering a more competitive economy that can stand on its own without relying too heavily on imports.
As more factories follow Kandil Steel's example, Egypt could become a leading industrial hub in North Africa, driving economic development and becoming a key supplier of raw materials and finished products to other nations.
Key Takeaways:
• Kandil Steel Expansion: Prime Minister Moustafa Madbouli inaugurated the expansion of Kandil Steel in 10th of Ramadan City, aimed at enhancing local industrial capacity.
• Government Support: The expansion reflects the government’s strong support for local industries, aiming to reduce Egypt’s import bill and create new job opportunities.
• New Production Line: A new production line will feed the home appliances sector, providing locally sourced materials like colored and galvanized sheet metal.
• Job Creation: The factory’s expansion is expected to generate hundreds of new jobs in various sectors, from production to logistics.
• Impact on Home Appliance Sector: The new line will help meet the demand for high-quality raw materials needed in Egypt’s home appliance industry, reducing reliance on imports.
• Economic Growth: The expansion is a critical part of Egypt's long-term goal to localize industries and boost domestic manufacturing, making Egypt more self-sufficient.
• Private-Public Collaboration: The inauguration was attended by key government ministers, showcasing the importance of collaboration between private enterprises and public policy for industrial success.
