India’s Willow Ferro launches $75 mln industrial investment in Egypt’s Technology Valley

Ambassador of India to Egypt, Suresh Reddy, was joined by Major General Akram Galal, Governor of Ismailia, and Engineer Walid Gamal El-Din, Chairman of the SCZone Authority, alongside representatives from Willow Ferro Alloys India, to inaugurate the project.

The two facilities, which represent a combined investment of USD 75 million, mark the first Indian industrial investments in the East Ismailia Zone, located within the Technology Valley in Sinai. The initiative underscores growing bilateral economic ties and Egypt’s push to localize key industrial inputs.

Willow Ferro Alloys India, a leading producer of ferroalloys with five operational furnaces in India and two in Zambia, is known for its global export capabilities. The company has also expanded into logistics and supply chain services in Tanzania.

Its Egyptian operation will unfold in three phases, beginning with the production of silicomanganese and ferrosilicon, derived from quartz and manganese ores—critical components in the high-quality steel industry. These materials are currently imported by Egypt, but domestic production is expected to save the country approximately USD 75 million annually in imports.