In a statement issued on Saturday, the Egyptian parliament’s industrial committee said that the government’s decision to liquidate the 67-year-old Egyptian Iron and Steel Company should be a matter of careful study.
“The liquidation process should be based on a logical review of the company’s performance in terms of losses and profits in the last few years,” said the statement.
It argued that the government’s liquidation resolution has split society into proponents and opponents.
“So, there should not be a final scenario about the future of the company, but there should be a public debate supported by studies, figures, and scientific research about the capacities of the Helwan-based Egyptian Iron and Steel Company in the future,” s…
Read the full article at: http://english.ahram.org.eg/NewsContent/1/64/399000/Egypt/Politics-/Liquidation-of-the-Egyptian-Iron-and-Steel-Company.aspx
