El Sewedy Electric eyes stronger performance in second half of 2011

September 15, 2011

Major cablemaker expects demand to pick up for all operations after regional upheaval squeezed sales for the first six months of the year
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El Sewedy wins US$440 million Qatar contract

April 12, 2011

El Sewedy Electric, the Arab world’s biggest listed cable maker, said on Monday its Qatari unit had won a cable supply contract worth US$440 million, helping to boost its presence in the Gulf nation.

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Interview with Ahmed A. El Sewedy, President and Chief Executive Officer of El Sewedy Electric

February 16, 2011

Biography

Subsequent to attaining his B.sc degree in Electrical Engineering from Cairo University in 1986, Ahmed joined his family’s business of manufacturing cables. Being an apprentice to the industry, he was assigned and assumed a diversity of roles, proceeding from one to another, in preparation for the business’s new leader. In 1997, he was appointed as the CEO of the company and initiated corporate strategies that shifted El Sewedy to a new horizon.

Starting with ONE cables factory, Ahmed master minded the current massive expansions of El Sewedy Cables and drove a 30% per annum growth of capacity, revenues and manufacturing plants to reach 30 factories by 2010. In May 2006, he led El Sewedy Cables IPO, and the private placement of shares on the Cairo and Alexandria stock exchange amounted to 1.29 billion Egyptian pounds representing 25% of the share capital of El Sewedy Cables. In November 2010, Ahmed changed Elsewedy Cables name to Elsewedy Electric in order to reflect current business expansions and diversification as an integrated energy solutions provider serving and reaching customers in five main markets – energy, infrastructure, industrial, building and residential – by operating in eight diversified sectors: cables and accessories, electrical products, energy measurement and management, transformers, communication, wind energy generation, solar energy, and EPC operations.

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Egypt to seek tenders for Gulf of Suez windfarm

June 28, 2010

Egypt will launch within days a tender compeition to choose firms to build a 1,000 mega-watt wind farm in the Gulf of Suez, its electricity minister said.

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El Sewedy eyes wind energy projects

March 18, 2010

El Sewedy Cables, a leading energy company in Egypt, is looking into supplying wind energy projects in Egypt, the Middle East and African markets.

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Elsewedy to Get 20,000ht for Egyptian Industrial Zone

January 21, 2010

Thursday, Jan 21, 2010 Elsewedy Cables Ethiopia Plc, a cable manufacturing plant in Dukem, is to be granted the 20,000ht of land it asked for to establish an industrial zone in the Afar Regional State for Egyptian companies.

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El Sewedy Cables launch new state-of-the-art IBS website

November 5, 2009

El Sewedy Cables, the largest Middle East cable manufacturer by market value, has launched its new state-of-the-art Internet Business Solution (IBS) website (www.elsewedycables.com). The IBS is a product oriented website, built to enhance and provide a 24/7 online communication channel between El Sewedy Cables companies and their customers covering all sectors.
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El Sewedy in $183 million power project

October 19, 2009

Monday, Oct 19, 2009
Egypt’s El Sewedy Cables said on Sunday it was part of a consortium that won a 1 billion Egyptian pound ($183 million) electricity link project.
The power line will link the Abu Qir area in the north of Egypt to Badr City, about 50 km east of Cairo on the Ismailia Road, the company said.
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El Sewedy eyes local controlling stakes, gets US$70 million loans

October 5, 2009

Monday, Oct 05, 2009
EL SEWEDY CABLES (SWDY), the largest Arab cable maker by market value, has injected L.E 750 m new investments in wind energy generation to get the lions’ share in such field due to governmental plans to produce 5000 MW by 2020.
Company CEO, Ahmed El Sewedy revealed that his company recently acquired 30% stake of Spanish company “M.Torres” (one of pioneering companies in Turbines field) at investments of $ 300 million.
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Ahmed El Sewedy to be a key speaker at CRU’s 2nd World Wire and Cable Conference

April 9, 2008

The Chief Executive Officer of El Sewedy Cables, Mr Ahmed El Sewedy, will be a key speaker at the CRU’s 2nd World Wire and Cable Conference, in Barcelona from the 1-3 June 2008.

El Sewedy is a Co-host of the event and Ahmed El Sewedy’s presentation will be on the Structure of the Cable Market and Cable Distribution in North Africa.
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