€13.7 million EBRD financing for expansion of production in Egypt – Resilient operations of the UAE subsidiary
Press Release - 09.03.2026
EBRD / UAE
ALUMIL S.A. announces that the European Bank for Reconstruction and Development (EBRD) has approved a loan of up to €13.7 million to Alumil Misr for Trade & Industry SAE, the Group’s Egyptian subsidiary. The loan will finance the construction and installation of a new aluminium extrusion line at the company’s plant in the Polaris Industrial Zone in Cairo.
The new extrusion line will materially increase the production capacity of the Egyptian facility, strengthening the Group’s vertical integration strategy and its ability to supply advanced aluminium systems to the construction and industrial sectors across the region. The expansion is expected to improve operational efficiency, reduce delivery lead times and enable higher value-added production in line with European quality standards. The Alumil Misr plant, located in close proximity to the Suez Canal, operates as a strategic production and export platform serving Africa, the Middle East and surrounding regions.
The Chairman and CEO of ALUMIL, Mr. George Mylonas, stated: “This investment represents a key strategic step in strengthening our long-term presence in Egypt. By expanding our manufacturing capabilities, we are creating a regional hub that enables greater operational flexibility aligned with European quality standards. The partnership with the EBRD is instrumental in advancing this vision and the development of a robust industrial footprint in the region.”
In parallel, the Company informs the investment community on the performance of the Group’s subsidiary in the United Arab Emirates, ALUMIL MIDDLE EAST, which continues to operate normally despite the geopolitical tensions in the broader Middle East region. The company’s supply chain remains fully operational: local raw material suppliers maintain adequate inventories, production units are running without interruption and no disruption has been observed in delivery times or material availability. The United Arab Emirates, and Dubai in particular, constitute a major international trade and logistics hub with robust infrastructure, providing a shield against short-term supply chain disruptions.
ALUMIL MIDDLE EAST does not operate in the retail market but executes large-scale projects in the construction sector, with contractually committed implementation timelines. All ongoing projects are being carried out in accordance with the original schedule, while the existing order backlog secures satisfactory revenue visibility for the coming months. As regards pricing dynamics, any increase in raw material costs due to geopolitical developments is expected to have a positive impact on the subsidiary’s profit margins, as final product selling prices are adjusted proportionally, reflecting changes in input costs. This pricing mechanism, inherent to the aluminium sector, effectively functions as a natural hedge.
For the next six months, the Management does not anticipate any material change in the subsidiary’s mode of operation. Day-to-day business activity is conducted normally at all levels. A possible escalation of hostilities in the broader region may cause a slight decline in the sales volumes that had been budgeted for 2026; however, taking into account the existing backlog and the overall momentum of the construction sector in the UAE, Management’s assessment is that the financial results of ALUMIL MIDDLE EAST for the 2026 fiscal year will be at least in line with the prior fiscal year (2025).