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Elsewedy Electric inaugurates wire and cable plant in Tanzanian industrial park

1/4/2022 – Egypt’s Elsewedy Electric recently held an inauguration ceremony in Tanzania for an industrial complex and electric cable factory that was attended by senior government officials from both Egypt and Tanzania.

Per multiple media reports, Tanzania President Samia Suluhu Hassan laid the foundation stone for what will be a factory that spans more than 120,000 sq m. The factory will employ 500 people to produce 15,000 metric tons of power cables, 1,500 transformers and 100,000 electricity meters per year. When completed, the factory will be the first such site in Sub-Saharan Africa.

The Elsewedy plant is part of a 2.2-million-sq-m industrial park that the company is developing to accommodate labor-intensive industries. Elsewedy unveiled plans to invest $200 million in the first phase of its expansion plans in the country, leading to the construction of 100 manufacturing industries in the Kigamboni industrial space. The goal for the park—developed by Elsewedy Electric’s subsidiary, Elsewedy Industrial Development—is to support Tanzania’s industrialization strategy 2025.

Elsewedy Electric President and CEO Ahmed Elsewedy said at the ceremony that his company embarked on a mission to expand in Africa 20 years ago, and that Tanzania is a priority due to its favorable investment climate and the government’s support. The company plans to use the new complex as a manufacturing and export hub at the heart of east and south Africa due to Tanzania’s strategic location/borders with eight countries, six of which are land-locked.

Read 213 times Last modified on January 4, 2022