FEI eyes partnerships with Italian companies to locally produce electrical appliance components

The Federation of Egyptian Industries’ electrical appliances division is working to get Italian companies to partner with local firms to manufacture parts used for feeder industries, Hassan Mabrouk, a board member of the division, told the local press. Local companies are unable to manufacture the components needed for electrical appliances without the involvement of foreign investors because of the high capital and tech know-how requirements, Mabrouk said. He did not clarify why the division is looking at Italian companies in particular.