Shady Manzalawi, CEO at Tiba Manzalawi Group
CAIRO - 23 May 2023: Xylem, the global water technology provider, aims to achieve a turnover of LE 5 billion within 5 years through its new joint-venture manufacturing site, the Xylem Egypt Plant, in partnership with Tiba Manzalawi Group.
CEO of Tiba Manzalawi Group,Shady Manzalawi, revealed that the percentage of the local component of the new factory’s products reaches 40 percent, pointing out that it is planned to reach 70 percent within two years.
Manzalawi said during the press conference held to announce the details of the new partnership, that the new factory aims to export 50 percent of production to African countries and the Middle East.
“The new Xylem factory in Egypt shows the capabilities of the Egyptian state and its capabilities in manufacturing Xylem products of international quality, which is one of the most important brands in this sector,” he said, nothing that this comes in line with our commitment to support the Egyptian state’s vision of deepening local industrialization and reducing the cost of providing foreign currency to import ready-made products.”
He revealed that the investments of the first phase amount to LE 300 million, and the group is currently conducting feasibility studies for the second phase of the project.
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 & 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 catalyze Egypt's rapid growth and progress.