General Assembly Approves Siegwart’s 2026/2027 Budget Plan

The General Assembly of the Egyptian Company for Pipes and Cement Products (Siegwart) has approved the budget plan for the fiscal year 2026/2027 during a meeting chaired by Eng. Saad Abu El-Maati, Chairman of the Holding Company for Chemical Industries. The meeting was attended by Eng. Saad Helal, Managing Director of the Holding Company, Major General Amr Mohamed Ismail, Chairman of Siegwart, and representatives of the Central Auditing Organization. Strong Financial Targets and Record Profits Major General Mohamed Abdelhamid El-Kabbani, Managing Director of Siegwart, presented the key highlights of the new budget, confirming that the company targets a net profit of EGP 521.944 million and a gross profit of EGP 546.595 million. He also revealed a significant expected increase in sales revenues, aiming to reach EGP 2.191 billion, representing an increase of EGP 901.8 million and a growth rate of 70.7% compared to the actual revenues of FY 2024/2025. The company has already achieved strong results during the first half of the current fiscal year ending December 2025, recording a net profit of EGP 471.5 million. Strategic Contracts Supporting National Projects El-Kabbani added that the sales plan is based on strategic contracts with the National Authority for Tunnels and Orascom Construction, including: Supply and development of 300,000 concrete sleepers with elastic pads (USB) Production of 220,000 RFI260 sleepers for the high-speed rail project Supply of 180,000 B70 sleepers for the Cairo–Beni Suef railway line Production of 200,000 Guard Rail sleepers These efforts support Egypt’s national strategy to develop infrastructure and transportation sectors.