El Sewedy is planning to invest in Russia and Australia.
El-Sewedy Electric is planning to establish two electrometres plants in Russia and Australia with an investment value of $20 million, says Emad Zaki Basyouni, vice chief executive of El-Sewedy.
The company will depend on these plants in its final phases of production and after sale services of locally made electrometres exported to Russia and Australia, according to Al-Mal daily newspaper.
In 2010, the company acquired a Czech electrometre company at $20 million with total production of $25 million annually covering Eastern European countries.
Meanwhile, a company delegation visited Guinea to study the opportunities available there.
El-Sewedy has several projects in Africa. Recently, the group finalised a project that lights 150 kilometres of roadway in Ghana. Since 2008, El-Sewedy also started to build eight electricity stations in Accra.