During the visit, Eng. Esmat followed the progress of work within the company, the extent of compliance with the standards of quality, protection and occupational safety, various maintenance programs, the availability of spare parts for operating equipment, marketing methods and sales methods, adherence to the timing of production contracts, and the provision of industry inputs necessary for the company’s work during the period. A period of time to ensure continued production. Engineer Mahmoud Esmat inspected the various production wards, including the heavy road ward, the light road ward, and the free road ward, in addition to the wards for heat treatments, stamps, finishing, chain manufacturing, lasers, spare parts, and inventory.
Engineer “Esmat” reviewed the processes of receiving the project to replace natural gas with diesel, and directed that the panels should be closed tightly and that the parts be numbered, and that their ability to withstand work in dangerous places should be reviewed. Engineer Mahmoud Esmat listened to a detailed explanation from the operating officials present about the company’s work plan and the contracting parties and the importance of this industry in forming steel by free methods to provide railway requirements and parts of cars, lorries and tractors, in addition to the spare parts needed for cement and sugar factories and land reclamation works.
It is worth noting that El-Nasr Company for Forging Industry is the pioneer in the Middle East and one of the main pillars in the steel industries sector. It is one of the largest forging factories in Egypt and the Middle East. It was established in 1960 as an intermediate manufacturing industry for the production of forgings and iron industries.
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Always Egypt First As part of our constant endeavor to participate in national projects, the companies participating in the third line of the subway review and assure the quality of the various railway engineering tasks.
The extraordinary general assembly of the Nasr Company for the manufacture of forgings, headed by Eng. Mohamed El Saadawi, decided to appoint Eng. Ashraf Abdel Salam as an executive managing director of the company. It also decided to appoint Dr. Mohamed Ahmed Mostafa as a part-time chairman of the company. Sami Mohamed Afifi and Hatem Mohamed Fahmy were appointed as members. In the Board of Directors with the amendment of the articles of association of the company in accordance with the amendments of Law 203 of 1991 and Law No. 185 of 2020, regarding the separation of management from ownership.
The association also agreed to continue the company despite the losses exceeding more than half of the capital according to Article 38 of the Public Business Sector Law No. 203 of 1991 year due to the presence of great opportunities for the company to grow and exceed the losses. 289 million pounds.
The Ordinary General Assembly discussed the financial statements and business results for the fiscal year 2019-2020, as the company succeeded in achieving profitability despite the Corona pandemic that affected the global and local economy for the second fiscal year in a row.
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