upp industrial solutions investments in Egypt

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Thyssenkrupp, a German multinational conglomerate corporation based Germany consisting of 670 companies worldwide, kicks off the year 2016 with a strong push in their MENA and Egypt operations in the Industrial Solutions business area. With over 70 new employees – an increase of more than 40 per cent in its workforce in Egypt alone – Thyssenkrupp is the only company in the country to act as a full service Energy Performance Certificate (EPC) contractor with a local office for large-scale industrial plants such as, fertilizer complexes, refineries and petrochemicals, as well as, cement plants. Thyssenkrupp’s plant engineering operations in Egypt represent the company’s largest resources in MENA and serves as an integrated EPC hub for the entire region.

Egypt and MENA are an important focus of Thyssenkrupp’s business operations due to the emerging economic power and capabilities of the region for continuing industrial development. As a consequence, the Regional Cluster MENA, headed by Boris van Thiel, was established in Qatar to support the development of regional centres for technical solutions and implementation management and increase the local EPC competitiveness of the company. Given the growing need for diversification and modernization of the region’s industrial base, Thyssenkrupp sees a huge potential, especially in the area of energy efficiency programmes and downstream value chains. Only in November last year, Thyssenkrupp was awarded another contract from Yamama Saudi Cement Company, one of Saudi Arabia’s biggest cement producers, to build two state of the art turnkey cement clinker production lines with a contract value in the higher three-digit million euro range.

In Egypt, Thyssenkrupp is proud of its long-lasting and strong ties to the fertilizer, refinery and petrochemical market. As of today, 15 out of the 16 fertilizer plants in Egypt are built by Thyssenkrupp. In 2010, Thyssenkrupp commissioned its 350,000 ton per year propylene plant for Egyptian Poly Propylene Company at Port Said, Egypt. In its 140 years in the country, Thyssenkrupp has been a reliable partner for the economy and is creating stability and prosperity for the Egyptian people.

Thiel said that: “The importance of the MENA region for our business cannot be overstated. Already today, more than 20 percent of our global sales are achieved in the region, and – together with our customers – as we plan to grow further. As we know how important it is to understand the specific local needs and requirements of our clients, we further increase our local presence and expertise to provide reliable solutions for sustainable and long-term success.”

Thore Lohmann, CEO of Thyssenkrupp Industrial Solutions in Egypt: “Our partnership with companies in Egypt is built on a longstanding tradition of working together through thick and thin. With our reliable, highly efficient technologies we are profiting from infrastructure expansion in many growth regions and at the same time contributing to the conservation of valuable resources to secure our clients’ success in their challenging future markets.”


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