ABB to inject USD 20 mn into developing electrical transformers plant

ABB plans to invest USD 20 mn to expand its electrical transformers production plant in Tenth of Ramadan within two years, Managing Director for Egypt, North and Central Africa Naji Jreijiri tells Al Shorouk. ABB spent USD 15 mn to establish a new line to manufacture electrical substation, he added. The company is looking to grow its sales by 20% y-o-y in 2017.