Elsewedy Electric launches $200 million industrial projects to boost exports

Elsewedy Electric, the Cairo-based multinational cable, and electrical equipment manufacturer led by the Egyptian billionaire El-Sewedy family, has announced the launch of three new industrial projects with investments exceeding $200 million, as it deepens its manufacturing footprint and ramps up export capacity in North Africa’s largest economy.

The projects, unveiled in a filing to the Egyptian Exchange, are expected to begin operations in the first quarter of 2028. The move underscores Elsewedy Electric’s strategy to strengthen local production, reduce import dependence, and position Egypt as a regional hub for industrial manufacturing and integrated supply chains.

The expansion includes a copper recycling complex, a copper tube manufacturing plant, and a new aluminum rod production line, collectively expected to generate more than 300 direct jobs and about 1,000 indirect jobs.

Strategic push into industrial integration

At the core of the investment is an $80 million copper and electronic waste recycling complex, designed to process up to 20,000 tons annually of copper scrap and printed circuit boards in its initial phase. The facility will produce high-purity copper cathodes and precious metals, supporting circular economy principles while supplying raw materials to downstream operations.

The project is expected to create more than 120 direct jobs and is structured for future capacity expansion, reinforcing supply chain integration within Egypt’s industrial ecosystem.

Elsewedy Electric is also investing approximately $65 million in a copper tube manufacturing facility, with an annual production capacity of 15,000 tons. 

The plant will cater primarily to heating, ventilation, air conditioning (HVAC), and appliance manufacturers, aiming to fully meet domestic demand in its first phase while stabilizing local supply chains.

CEO outlines long-term vision

In parallel, the company is committing $55 million to establish an aluminum rod production line with an annual capacity of 50,000 tons. Unlike the other projects, the entire output from this facility will be directed toward export markets, strengthening Egypt’s foreign exchange earnings and industrial export base.

Ahmed El-Sewedy, Chief Executive Officer and Managing Director of Elsewedy Electric, said the investments reflect the company’s long-term strategy of building an integrated industrial platform. “These projects represent a strategic step that reflects our long-term vision to build an integrated industrial ecosystem linking advanced manufacturing, recycling, and exports,” he said. “Through these investments, we aim to enhance value addition within the Egyptian market, develop more efficient and sustainable supply chains, deepen local manufacturing, reduce reliance on imports, and support exports.”

Expanding industrial footprint

Elsewedy Electric operates in 19 countries, with more than 34 industrial facilities and exports spanning over 110 markets globally. With over 80 years of operational history, the company has evolved into a key player in energy, infrastructure, and industrial solutions across emerging markets.

The latest investments align with Egypt’s broader push to accelerate industrialization and attract export-driven manufacturing, as competition intensifies among regional economies to capture global supply chain shifts.

As construction progresses toward a 2028 launch, the projects are expected to play a pivotal role in enhancing Egypt’s industrial capacity while reinforcing Elsewedy Electric’s position as a leading exporter of value-added products.