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El Sewedy Electric, a multinational cable and electrical product manufacturer led by Egyptian multimillionaire businessman Ahmed El Sewedy, has launched Africa’s first busway dielectric epoxy insulation system* facility to prefabricate electrical distribution using bus bars in a protective enclosure.
El Sewedy Electric’s new factory is entirely dedicated to producing all components used in the busway system, including housing, conductors, insulators, and electro-plating.
According to Abdel Rahman El-Sewedy, Elsewedy Electric’s head of strategy and corporate development, the arrival of the high-tech busway system meeting international standards to the local and global markets demonstrates that Elsewedy Electric has taken another significant step toward localizing product manufacturing in Egypt, in line with the national vision.
General Manager of Elsewedy Electric Busway System Medhat Rizk explained that localization with such high specifications will fill a major market gap and introduce a significant benefit to the market with the standards and services provided by Elsewedy Electric.
El Sewedy Electric’s busway dielectric system facility is the region’s first epoxy-insulated busway system.
It is also one of the largest facilities in the Middle East region, offering sandwiched non-ventilated busway systems ranging from 630 A to 6300 A copper and 630 A to 5000 A aluminum (bimetal) conductors to end markets.
Under the leadership of Ahmed El-Sewedy, Elsewedy Electric has grown into a leading company, with total assets of EGP67.7 billion ($4.3 billion) spread across 15 countries since it was founded 84 years ago by the wealthy Elsewedy family.
In 2021, its net profit increased by 16.7 percent from EGP3 billion ($191 million) in 2020 to EGP3.5 billion ($224.5 million) at the end of 2021, owing to strong growth in sales and revenue.
Sadek, Ahmed and Mohammed Elsewedy, members of the El-Sewedy family, own a 68-percent stake, or 1,478,689,860 ordinary shares, in the company.
*Busway dielectric epoxy insulation system is a prefabricated electrical distribution system consisting of bus bars in a protective enclosure. It is the ideal solution for large-built structures that require high preventive security standards.
