XD-EGEMAC plans four new factories in Egypt with $100M investment

XD-EGEMAC, affiliated with EGEMAC, plans to increase investments in Egypt from $68M to $100M by end of 2019, adding four new factories to its existing two. The factories will produce dry transformers, surge arresters, energy cluster banks, and electrical insulators. Construction is expected to begin in early 2019 and finish by 2021.

“our expansion plan was concluded following a study conducted on construction prospects, while sales’ expectations cannot be revealed now.”dailynewsegypt.com

• 1 source
• dailynewsegypt.comXD-EGEMAC establishes four new factories, increasing investments up to $100m – DailynewsegyptHagar OmranSep 24, 2018

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