• Short Summary

    A major expansion scheme is now underway at the Helwan Iron and Steel Mill 20 miles (32 kms) south of Cairo.

  • Description

    A major expansion scheme is now underway at the Helwan Iron and Steel Mill 20 miles (32 kms) south of Cairo.

    In the past, the cost of steel production at Helwan has been well above the international average. Some experts expressed doubts about the mill as an economic proposition.

    The new expansion scheme is being carried out with help from the Soviet Union which is providing both finance and training facilities.

    The development is still nearly six years from completion--but by then steel production at Helwan is expected to have risen from about 300-thousand tons a year, to one-and-a-half million tons.

    SYNOPSIS: The Helwan Iron and Steel Works near Cairo--the site of a major development scheme expected to make a giant contribution to the Egyptian economy. Steel has been produced here since 1958-but until recently, output has been low, and the cot of production high. Nevertheless, the Egyptians have persevered with the mill and massive Soviet financial and technical aid is now making the expansion possible.

    Completion of the Helwan expansion programma is still nearly six years off. By then production of steel is expected to have risen from 300-thousand tons a year, to one-and-a-half million tons. The Soviet help comes not only as hard cash for the building programma--the Soviet Union is also training Egyptian personnel in steel production. In this way Egypt hopes that the mill--once considered a dubious economic proposition--will take its place as a major economic asset.

    The expansion programma will give Egypt a supply of the quality steel it desperately needs for s??? enterprises as the Alexandria shipyard. The completion of the scheme will make Egypt the biggest producer of steel on the African continent outside South Africa. Some economists doubt the value of countries like Egypt building their own steel mills--but in Cairo there are no such doubts. Over recent years Egyptian authorities have been facing a rapidly increasing bill for imported iron and steel.

    This finished products from Helwan at present find a market almost exclusively within Egypt. The continuing development may mean a booming export trade as well. Railways at present take the finished goods away--but plans are well in hand for a railway to bring raw material to the complex.

  • Tags

  • Data

    Film ID:
    VLVACY5YRBA2MFK84SPFKJ3M64J7M
    Media URN:
    VLVACY5YRBA2MFK84SPFKJ3M64J7M
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/02/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:10:00
    Time in/Out:
    /
    Canister:
    N/A

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