H. Kong retail sales inch up in June '25    Egypt's SCZONE breaks ground on $55m Chinese textile projects in Sokhna    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Japan's c. bank holds key interest rate    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Schneider Electric offers €50m investment fund to support micro companies in North Africa
The company provided €52m investments in electricity projects in Egypt and North Africa last year
Published in Daily News Egypt on 17 - 01 - 2016

Schneider Electric launched its global strategy "Life Is On", aiming to achieve sustainability, efficiency, reliability, and safety for its customers.
The launch of the strategy comes at a tenuous stage, in which many large shifts seen in the business community, led by a combination of factors, including urbanisation, the trend towards digital applications, and the growing manufacturing process.
Country President of Schneider Electric Egypt and North East Africa Albert Fuchet said the company is keen to launch this strategy in the Egyptian market, as it is a regional hub for their business, and due to its immense potential.
He said, during his speech at a press conference by the company Sunday, that information technology has become an indispensable tool to achieve integration in the production processes and connect all the threads of our lives together in one package.
Schneider Electric Zone President Africa and Caribbean Mohamed Saad said the size of the company's global business is €26bn. Schneider allocates 5% of its business size, which amounts to €1.3bn, to development and innovation in the energy sector.
Saad said Schneider Electric has always sought to provide the latest technology to factories, entities, and governments and that it works on the integration of best practices in energy consumption and automatic control in all production activities.
He explained in a statement to Daily News Egypt, on the sidelines of the press conference, that Schneider Electric allocated a fund with investments of €50m to support micro-enterprises in North Africa during 2015.
Schneider Electric has been focusing on the Egyptian market, as a hub from which the company can expand to the Middle Eastern and North African countries, he said. The company is keen on cooperating in a number of projects that serve Egypt, the most prominent of which is the technical scanning for the Pyramids of Giza.
Throughout 2015, investments in the energy sector in Egypt and North Africa amounted €52m, according to the Head of Industry department at Schneider Electric Egypt and North Africa Mohamed Shahin.
The company works on providing adequate solutions to all sectors by presenting the latest technology for projects, he said. The company contributed in implementing several projects, among which was the project supplying Petrobel Company and Suez Canal with mobile power plants.
Over 12 months, the company's sales recorded €5.7bn through the sales of medium voltage distribution panels and automatic control solutions for energy, Schneider's Deputy Head of IT Moneim El-Fakharany said.
The company also owns more than 250 service centres and more than 90 production sites worldwide, while the size of its business in the industry sector amounts to €5.6bn.


Clic here to read the story from its source.