The Minister of Investment and International Cooperation Dr. Sahar Nasr inaugurated last week the second factory of the British-Japanese “SE Wiring Systems Egypt S.A.E” in the 6th of October City to produce electric wires for vehicles.
The company is affiliated to the Japanese Sumitomo Electric Wiring Systems (SEWS), a leading company in delivering electric wiring for automobiles, given that the investments of SE Wiring Systems Egypt reached approximately EGP 5.4 billion and the capital of the new factory amounted to about EGP 200 million. The inauguration was attended by the Governor of Port Said Maj. Gen. Adel Ghadban, the Japanese Ambassador to Cairo Mr. Takahiro Kagawa, and Director and Chief Business Officer at SEWS (Europe) Mr. Kevin Phillips.
Mr. Pillips, clarified that SEWS invested approximately USD 100 million in Egypt, besides paying salaries worth USD 65 million in the local currency, in addition to its sales which exceeded USD 250 million so far. He added that Port Said’s factory included approximately 3000 workers, referring to SEWS’s aspirations to work in Egypt during the upcoming period and to increase the volume of its investments.