LITAT Group, a leading Lebanese Group mainly engaged in the worldwide steel manufacturing, trade and Logistics with a focus on the MENA region. acquired Suez Steel Company, a Melt shop in Egypt. The new owners engaged themselves in transforming it into an integrated steel complex with a capacity of 2,000,000 MT per annum by 2012,

Acquisition of Misr National Steel, an Egyptian steel rolling mill with an annual production capacity of 360,000 MT of rebar’s. Acquisition of Egyptian Company for Iron and Steel products (Al Masriyah for steel Proclus’s, an Egyptian steel rolling mill with an annual production capacity of 250,000MT of rebar’s

Establishment of Solb Misr (Previously Red Sea Steel), a holding company owning all the acquired Egyptian plants, Start of plants' transformation into an integrated steel complex.

Commissioning of two projects at Suez Steel Company: the Rolling Mill I with a capacity of 480.000 MT and the revamp of the existing SMP which increased the total nominal production capacity of SSC from 600,000 MT per annum to 800,000 MT per annum.