Elsewedy Cables Ltd
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With roots going back over 70 years, Elsewedy is one of the oldest and most successful industrial and trading business groups across the MENA region.
One of the most experienced manufacturers operating in the Middle East, it successfully operates 23 production facilities in 12 countries in Africa, Europe and Asia.
Elsewedy Cables is partially owned by Al Rajhi Holding, along with Elsewedy Electric from Egypt. It exports a wide range of high quality and safe products to more than 110 countries worldwide.
The company built its factory in 2006 over an area of 104,000sqm in Yanbu, Saudi Arabia with an initial planned annual capacity of 35,000T/year.
A proficient supplier that focuses on client demand and requirements, Elsewedy Cable’s product range includes low voltage cables (0.6/1 (1.2) kV cables) and control cables and medium voltage cables (6/10 (12) kV, 8.7/15 (17.5) kV.
Elsewedy Cables has targeted entering new markets in different regions within Saudi Arabia. These aggressive expansion plans have coincided with sales increasing significantly, the company has said.
Growth has also been complemented by Elsewedy Cables gaining approvals from different parts of the government and private sector for its range of products.
It has implemented plans for the development of its total telecom solutions, turnkey projects, wind energy generation and solar energy, the company added.
In H1 of 2014, Elsewedy’s Wire and Cables revenue increased by 12% from H1 2013 to $931.9 million. Gross profits increased during the same time by 18% to reach $130.33 million. 87,448 tonnes of cables were sold in H1 2014.
