- After 62 years of production, the extraordinary general assembly of the state-owned El-Nasr Company for Coke and Chemicals approved Sept. 5 the dissolution and liquidation of the company, a year after its activities came to a halt in August 2021.
- The Egyptian government is currently working on a plan to liquidate and close factories that pollute the environment and reduce emissions in the lead-up to the Conference of the Parties to the United Nations Convention on Climate Change (COP27).
- The decision to close El-Nasr Company for Coke and Chemicals comes less than a year after the liquidation of the Helwan-based Iron and Steel Company, affiliated with the Metallurgical Industries Holding Company, Egypt’s industry giant, as a result of losses and debts amounting to $540 million.
<span>Egyptian coal factory shuts down in lead-up to COP27</span>
