The year 2017 was a challenging one for many, but for Kadmar Group and its subsidiary Egyptian Global Logistics (EGL), it was an exciting year, and it seems there will be no limit to their growth any time soon.
Growth opportunities made the company’s shareholders raise substantial capital at the right time, leading to financial results exceeding expectations, an increased number of projects and trucks, including special trucks and modular trailers, as well as capacity-building for the local staff and overseas representations.
The business plan aimed to encourage more business units, especially in the intermodal and hinterland logistics for container and non-container cargo, and succeeded. Through joint ventures and consortiums, overseas representations were secured in Tunisia, the UAE, South Korea, and Russia, adding further strength to the company’s global positioning and growth. And more projects are claimed to be in the pipelines.
Purchases of new equipment from Goldhofer, Faymonvile, Kalmer, Enerpac, and Mercedes Benz complete the present picture, ensuring that Kadmar is fully ready for any port operation, special trucking or heavy lift (HL) solutions, whether within the sector of energy, oil and gas, wind constructions, or industry.
What has not changed, however, in spite of rapid growth and success, is the considerable HSQE record linked to EGL’s trucking record and heavy lift expertise encountering no obstacles en route—as well as to the different configurations of the modular that are now among the top in the market, providing the payload ratio that is key to safe and professional HL transportations on Egyptian roads.
Early in 2018, the company signed a contract with a large dairy producer in Egypt for leasing its Damietta warehouses for three years, as well as having signed a contract with a major container shipping line for its container custom bonded depot in Damietta.
CEO of Kadmar Group, Medhat El Kady, said, “for trucking, the new challenge for Kadmar will be the cuts in oil subsidies, which is expected to be declared by the government next July, as well as the new transport law. The group takes this challenge seriously, but as we have what it takes to respond promptly and efficiently, we also see this as an opportunity for more expansion in an immature market, where there will be a large demand for better organised low-cost solutions and environmentally friendly transport modes.”
He went on to say, “we operate in a small market that is not attractive for bigger players, especially after the devaluation of the Egyptian pound. It made it very difficult for big players to compete with local service providers such as Kadmar. We keep an eye on the economic developments, which enables us to cope with the fluctuations and we are pleased that today most of Kadmar’s clients are the big multinational cargo forwarders.”
