Increasing Egypt's aluminum exports to Algeria

Egyptian Minister of Trade and supply Ahmed Goweili announced today an increase in Egyptian aluminum exports to Algeria.

Goweili added that Egypt Aluminum Company signed a contract on March 16 to export five thousand tons of aluminum bars to an Algerian corporation at a value of $9 million per contract. The implementation was concluded on June 30.

The second contract was signed this month in which they agreed to export 5,000 tons of metal bars of aluminum to the Algerian corporation Metanof in five installments. The first one starts in February to be ended in December, 1999 at a total value of $9 million per contract.