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El Sewedy net income down 34pcEgypt's El Sewedy Electric, the Arab world's biggest listed cable maker, posted a 34 percent drop in its consolidated net profit for 2011, according to figures published by the Egyptian stock exchange on Monday. Net profit fell to 536.5 m More… |
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El Sewedy Cables plans $50m Libya plantEgyptian group El Sewedy Cables said on Monday it would set up a cable manufacturing plant in Libya by the end of 2011 with total investments of $50 million. "The plant will generate revenues of 20 percent (of the investment)" after it beg More… |
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General Cable buys Egyptian firm for $22mGeneral Cable Corp has bought Egyptian cable company BICC Egypt for $21.7 million, the sellers said. General Cable, a maker of low voltage cables, aims to expand BICC's sales outside of Egypt, according to a statement issued by Sphinx Priv More… |
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El Sewedy opens $54m windmill plantsEgypt's El Sewedy Cables has invested 40 million euros ($54 million) to open two factories making equipment for electricity-generating wind farms, the stock exchange said on Sunday. A wind poles plant in Ain Sukhna on Eg More… |
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El Sewedy to build $150m cable plant in QatarEgypt-based El Sewedy Cables said on Monday it would build a $150 million power cable plant in Qatar with a local partner to tap surging Gulf Arab infrastructure spending. The factory will have an annual production capacity of 30,000 tonne More… |
