Friday 25 July 2014
El Sewedy

El Sewedy Q2 net income more than doubles

Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, said its second quarter net income surged 159 percent year-on-year as wire and cable revenue rose.   Consolidated net income after


El Sewedy net income down 34pc

Egypt'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


El Sewedy Cables plans $50m Libya plant

Egyptian 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


General Cable buys Egyptian firm for $22m

General 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


El Sewedy opens $54m windmill plants

Egypt'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


El Sewedy to build $150m cable plant in Qatar

Egypt-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

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