El Sewedy Cables to increase output for Europe

25 September 2010

Europe is company’s leading export market

Egypt’s El-Sewedy Cables has said it is increasing output this year and the next on the back of growing demand for its products in Europe, the Middle Eastern and Africa, Reuters has reported. The company plans to capture 2-3 per cent of Europe’s market over the next three years. “Europe is our top export market, and it is generally one of the biggest consumers of cables used for maintenance and replacements,” Ahmed Homossani, investor relations director at El-Sewedy, told the news service.

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