United Metals Company (UMC), an Egyptian copper rod manufacturer and subsidiary of the El Sewedy Electric industrial group, has entered into a loan agreement with the European Bank for Reconstruction and Development (EBRD).
The $50 million loan will be utilized to enhance UMC’s working capital requirements and facilitate the acquisition of essential production inputs. This financing supports the Egyptian manufacturing industry.
For more information, please see https://www.ecofinagency.com/finance/1910-44971-ebrd-grants-50mln-loan-to-egypts-umc-for-working-capital
