EGX-listed manufacturer Elsewedy Electric opened a EGP 2 bn cable factory at its subsidiary Elsewedy Industrial Development’s Industria zone in the Tenth of Ramadan, a move which further cements the country’s efforts to localize its telecommunications components, according to a statement from the Industry Ministry and one from the company. The 70k sqm factory stands as the largest of its kind in the region.

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By the numbers: The factory will have a production capacity of 4 mn km of fiber-optic cables and 200k km of copper communication cables — including network cables, telephone cables, coaxial cables, and accessories for both copper and fiber-optic networks, in addition to communication racks and cabinets. The project is set to create 1k jobs in the first phase.

The project will see 50% of its production earmarked for export, including to Europe, Africa, and Gulf countries. The Egyptian Accreditation Council will certify the factory’s facilities so its products can more easily be exported, Industry and Transport Minister Kamel El Wazir said.

If you didn’t know already, wires and cables make up the lion’s share of Elsewedy Electric’s revenues, with the segment making up61%of its total revenues during 3Q 2024.

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