17 July 2019

13.12 EGP

Change: -0.84%
Volume: 41,864.00
Turnover: 548,757.56
Open: 13.15
Last Trade: 13.12
Pre Close: 13.04



Analyst Coverage Share & Corporate Information

Our Lines of Business

Wires & Cables

The Wires & Cables segment brings in the lion’s share of revenue for Elsewedy Electric. It is composed of four primary divisions: power cables, special cables, winding wires, and raw materials. Through operations in Egypt, the MENA region and Africa, Elsewedy Electric has significantly extended its core wires and cables capacity over the years as it positions itself to supply significant regional energy demand.


The Turnkey segment is the realization of Elsewedy Electric’s aim to provide customers with a one-stop design, engineering, procurement, and construction (EPC) solution. The company’s engineering and construction groups — Elsewedy Power, Elsewedy T&D, Power System Projects, and Egytech — deliver electricity-generating assets and transmission and distribution (T&D) networks on an EPC basis. Through the segment, the company delivers turnkey solutions in both its home market of Egypt and internationally in the fields of transmission, distribution, power generation, and substations, from conducting feasibility studies all the way through to providing after-sales support once projects are complete.


Through this core segment of the group, the company produces a full range of low-, medium- and high-voltage transformers, including power (step up) and distribution (step down) transformers. Elsewedy Electric is the first and only producer of power (step up) transformers in the region up to 220KV, with operations in both in the MENA region and Africa and access to a wide export footprint.


Elsewedy Electric’s Meters segment covers the development, production, and distribution of equipment used to measure, register, bill and control energy and power. In 2007, it acquired Slovenia’s Iskraemeco, one of the world’s most technologically advanced producers of metering equipment and services. With Iskraemeco supplying over 2 million meters across the globe, the acquisition establishes a global metering and measurement giant with the technological strength to build tomorrow’s smart products and the production and distribution base to capture a worldwide market share.

Other Electrical Products

The company’s Electrical activities are spread across Egypt, Ghana, and Sudan and funneled through ECMEI, Elsewedy Electric Ghana, United Industries, and Italsmea Elsewedy. The division provides numerous offerings, including electric ceramic insulators, fiberglass poles, explosion-proof products for the petroleum sector, and cable accessories. The company’s Wind business also falls under this segment, with Elsewedy for Wind Energy Generation, which was established in 2008, constituting a significant step forward for wind power in Africa and the Middle East. The company produces wind turbine components and sees wind farms to completion while exploring development and IPP business opportunities.