06 December 2022

11.32 EGP

Change: 9.37%
Volume: 15,714,895.00
Turnover: 174,484,143.75
Open: 10.35
Last Trade: 11.32
Pre Close: 11.32



Analyst Coverage Share & Corporate Information

Our Lines of Business


The Wires, Cables and Transformers segment brings in the lion’s share of revenue for Elsewedy Electric. The Wires and Cables segment of the business 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 capacities in the Wires and Cables business over the years as it positions itself to supply significant regional energy demand.

The Transformers line of this segment is also a key component of the group’s operations. 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.


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.


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.


Elsewedy Electric is committed to supporting renewable energy in line with Egypt’s plan to generate 20% of the country’s electricity from renewable sources. As such, the group has funneled investments into this key growth segment through numerous activities, the first being the development, financing, and building of a USD 70 million solar power plant in Benban. Operating under Round II of the government’s renewable energy feed-in-tariff program, the PV power plant has a capacity of 65 MWp and is set to connect 30,000 households and save 60,000 tons of CO2 per year.

In addition, Elsewedy Electric has completed the acquisition of three wind and one hydroelectric energy company located in Greece for a total consideration of EUR 55 million, in line with the company’s commitment to seek investment opportunities that provide added value and sustainable solutions. These companies generate enough energy to power approximately 34,000 homes, with an equivalent carbon dioxide (CO2) footprint of 102,000 tons.