{"id":322140,"date":"2021-05-10T08:45:41","date_gmt":"2021-05-10T08:45:41","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322140"},"modified":"2021-05-10T08:45:41","modified_gmt":"2021-05-10T08:45:41","slug":"elsewedy-electric-enters-into-asian-markets-acquires-2-firms-worth-60mln322140","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/05\/10\/elsewedy-electric-enters-into-asian-markets-acquires-2-firms-worth-60mln322140\/","title":{"rendered":"Elsewedy Electric enters into Asian markets, acquires 2 firms worth $60mln"},"content":{"rendered":"<p>Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m.<\/p>\n<p>In a statement to the Egyptian Exchange (EGX), the company said that it acquired 95% of PT CG Power Indonesia, which specialises in manufacturing electrical transformers in Indonesia.<\/p>\n<p>The company has a production capacity of 10,000 MW, and provides maintenance services for the duration of the transformers\u2019 lifetime, in addition to the construction of transformer substations.<\/p>\n<p>Elsewedy added that it has acquired 100% of Validus Engineering PVT LTD, a company specialising in manufacturing electric power transformers in Pakistan.<\/p>\n<p>It also said that it plans to introduce its power inverters technology to boost the growth of the Pakistani company, in order to reach a production capacity of 5,500 MW.<\/p>\n<p>Elsewedy pointed out that these additions to the company\u2019s business portfolio raises the total of its transformer plants to six factories. It will more than double the annual production capacity to 30,000 MVA.<\/p>\n<p>The company stated that the acquisition provides an opportunity to penetrate the Southeast Asia and Australia markets, and coincides with the group\u2019s new phase of growth and continuous expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m. In a statement to the Egyptian Exchange (EGX), the company said that it acquired 95% of PT CG Power Indonesia, which specialises in manufacturing electrical transformers in Indonesia. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":321098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[112],"class_list":["post-322140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","tag-elsewedy-electric"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elsewedy Electric enters into Asian markets, acquires 2 firms worth $60mln - egy-africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/05\/10\/elsewedy-electric-enters-into-asian-markets-acquires-2-firms-worth-60mln322140\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric enters into Asian markets, acquires 2 firms worth $60mln - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m. 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