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Reading: American Xylem eyes EGP 5bn business volume in Egypt within 5 years 
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Dailynewsegypt > Blog > Business > American Xylem eyes EGP 5bn business volume in Egypt within 5 years 
Business

American Xylem eyes EGP 5bn business volume in Egypt within 5 years 

Shaimaa Al-Aees
Last updated: 2023/05/25 at 11:50 AM
By Shaimaa Al-Aees 4 Min Read
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American Xylem eyes EGP 5bn business volume in Egypt within 5 years
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Xylem, a global water technology provider, and its regional partner, the Tiba Manzalawi Group, announce the launch of its new joint-venture manufacturing site, the Xylem Egypt Plant, that will provide world-class water solutions and brands to the region.

Xylem aims to achieve a turnover of EGP 5bn within 5 years through its new factory, in partnership with Taiba Manzlawi Group.

Shady Manzalawi, CEO at Tiba Manzalawi Group, said that the local component of the new factory reaches 40%, with a plan to reach 70% within two years.

Manzlawi added that the new factory aims to export 50% of production to African countries and the Middle East, at a value of $1.5bn.

Xylem works closely with local partners to deliver international best-of-breed water solutions to match requirements on the ground. As the Egyptian market grew, the feasibility of establishing a local manufacturing site became a reality, and Xylem with its partner, Tiba Manzalawi, collaborated to make the factory a reality, said Vincent Chirouze, Managing Director – Xylem Africa.

“The Xylem Egypt Plant is a big first for us, showing that Egypt can manufacture world-class products for a renowned international brand such as Xylem, and it reinforces our commitment to the Egyptian State’s vision of deepening local industry and reducing foreign currency costs to import finished products,” Shady Manzalawi, CEO at Tiba Manzalawi Group has said.

The new Xylem Egypt Plant will produce parts and complete units, including manufacturing and assembly of leading water brands such as Flygt, Lowara, and Bell and Gossett. The Xylem Egypt Plant will initially manufacture Split-Case Centrifugal pumps for different applications such as irrigation, HVAC and commercial building services, and End-Suction pumps for industry and irrigation.

This factory is the first in Egypt to produce water pumps and other equipment on behalf of an international brand. Targeting both Egyptian and export markets, it will create substantial benefits for the region, including buying in local currency, shorter delivery times, and providing local support. The Xylem Egypt Plant will also bolster employment and further catalyse Egypt’s rapid growth and progress.

Xylem operates in over 150 countries and has been operating in the Egyptian market for over 50 years, culminating in 2022 with the opening of regional headquarters that serve Egypt and the North African region. Recent local projects by Xylem include Abu Rawash treatment plant, Gerza irrigation treatment project. In addition, Alexandria wastewater pumping station renovation, Ministerial District (New Administrative Capital) HVAC and plumbing, New Alamein City Downtown and Towers water systems and South Valley (Toshka) Irrigation Project.

“Egypt has been a key Xylem market for over half a century, and we are honoured to participate in the country’s ongoing modernisation projects. This first phase continues our commitment and deep connections with Egypt and we look forward to the next stages,” Chirouze concluded.

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