ELSEWEDY ELECTRIC Achieves Top Marks in World Benchmarking Alliance Social Benchmark 2024

Jul-2024

Elsewedy Electric PSP leads the successful completion of UAE's layyah power plant steam blow phase

ELSEWEDY ELECTRIC is proud to announce a score of 7.0 in the World Benchmarking Alliance (WBA) Social Benchmark 2024. This achievement significantly surpasses the global average score of 4.5 among the 2,000 companies assessed.

ELSEWEDY ELECTRIC's performance places it not only above the global average but also as the leading company in Egypt among the 13 assessed for the Social Benchmark 2024. Additionally, the company ranks among the top 3 in the entire Middle East & North Africa region, outperforming 66 other companies.

Established in 2018 with funding from various government bodies and foundations, the World Benchmarking Alliance (WBA) has developed a unique approach to measuring a company's contribution to the Sustainable Development Goals (SDGs). The WBA creates benchmarks to assess the contributions of the world's most influential companies across 74 countries. These companies, representing $43 trillion in revenue, are ranked based on their contributions to the SDGs.

This recognition reflects ELSEWEDY ELECTRIC's ongoing efforts to create a positive social impact.We are proud of our contributions to a more sustainable future.

ELSEWEDY ELECTRIC was also selected as one of only 7 companies in Egypt, and 300 globally, to participate in the WBA Urban Benchmark 2024. This benchmark,to be published in November 2024, assesses and ranks companies' endeavors towards creating sustainable and resilient cities that provide a thriving environment.

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Speeding Towards Success: ELSEWEDY ELECTRIC PSP Awarded High-Speed Rail Project in Egypt

May-2024

ELSEWEDY ELECTRIC Power System Projects (PSP), in a joint venture with The Arab Contractors and Orascom, has secured a major contract for the construction of Egypt's ambitious High-Speed Rail (Green Line) project. Awarded by the Ministry of Transportation's National Authority of Tunnels, this landmark project will link major cities across the country through an extensive network of 21 stations.

ELSEWEDY ELECTRIC PSP's role in this monumental undertaking is substantial. The company will be responsible for the construction and testing of seven key stations along the route: New Capital, Wadi El Natroun, Giza, Sidi Abdel Rahman, El Dabaa, Ras El Hekma, and MarsaMatrouh.

The high-speed rail network, spanning an impressive 675 kilometers, will connect Ain Sokhna to October Gardens, with branches extending south to Al-Ayat and north to Alexandria, Alamein, and MarsaMatrouh. This prominent project is scheduled for completion within 36 months, and will feature state-of-the-art electric trains supplied by Siemens.

With a design speed of 250 km/h and operational speeds of 230 km/h for express trains, 160 km/h for regional trains, and 120 km/h for electric freight tractors, this high-speed rail network will revolutionize transportation in Egypt, offering unparalleled efficiency and connectivity.

For ELSEWEDY ELECTRIC PSP, this project represents a significant milestone, opening up new avenues for growth and enabling the company to showcase its expertise as both a construction powerhouse and a leading service provider in the mobility sector.

As Egypt continues its rapid development, projects like the High-Speed Rail (Green Line) will play a pivotal role in driving economic growth, facilitating trade, and enhancing the quality of life for millions of Egyptians. ELSEWEDY ELECTRIC PSP's involvement in this transformative initiative is a testament to the company's relentless efforts to contribute to the nation's progress and cement its position as a leader in the construction and mobility industries.

ELSEWEDY ELECTRIC BUSWAY EARNS FURTHER INTERNATIONAL RECOGNITION WITH ASTA DIAMOND ACCREDITATION

Apr-2024

Elsewedy Electric's Busway system has achieved a new milestone of excellence with the accreditation of its factory by ASTA Diamond. This prestigious recognition builds upon the company's existing certifications from ASTA and UL, further solidifying Elsewedy Electric's position as a global leader in reliable and competitive busway solutions.

Since its launch, Elsewedy Electric's Busway has enjoyed significant success in local and international markets. The company attributes this growth to the product's inherent reliability and strong market positioning. This latest accreditation by ASTA Diamond underscores Elsewedy Electric's commitment to maintaining the highest quality standards across the entire busway life cycle, from design and manufacturing to sales and after-sales services.

Beyond the ASTA Diamond distinction, Elsewedy Electric's Busway production facility also boasts certifications in three key areas: ISO 9001:2015 for Quality Management, ISO 45001:2018 for Occupational Health and Safety Management, and ISO 14001:2015 for Environmental Management. These accreditations demonstrate the company's dedication to providing its customers with world-class busway solutions that meet the highest international standards for quality, safety, and environmental responsibility.

ELSEWEDY ELECTRIC CELEBRATES SUCCESS AND STRENGTHENS PARTNERSHIPS AT 2024 ANNUAL CONFERENCE

Apr-2024

ELSEWEDY ELECTRIC hosted its annual conference for authorized distributors and traders on March 8th, 2024, at the Dusit Thani Lakeview. The event brought together a diverse group of industry professionals, including Mr. Emad Mefreh, General Manager of Elsewedy Electrical Equipment & Cables, Eng. Karem Mahmoud, Channels Business Development Director at Elsewedy Cables, established distributors and traders, new partners for 2024, alongside representatives from ELSEWEDY ELECTRIC.

The conference focused on two key objectives: contract and certificate renewals, as well as outlining the 2024 distribution network goals. Providing insights into Elsewedy Cables' vision and strategies, Eng. Karem Mahmoud and Mr. Emad Mefreh addressed the attendees. A pivotal point of discussion revolved around combating fraud cases, during which both leaders provided insightful solutions and perspectives.

A highlight of the ceremony was the recognition of the top six achievers who surpassed their sales volume targets in the past year. These top performers were honored for their dedication and contribution to the success of ELSEWEDY ELECTRIC’s distribution network.

The 2024 ELSEWEDY ELECTRIC Annual Conference fostered a strong sense of partnership and collaboration. By nurturing open communication, setting clear goals for the distribution network, and recognizing outstanding performance, ELSEWEDY ELECTRIC is well-positioned for another successful year.

ELSEWEDY ELECTRIC Leads in Sustainability: A Champion for Environmental Responsibility

May-2024

ELSEWEDY ELECTRIC has firmly established itself as a champion for sustainability. Over the past five years, the company has consistently demonstrated a commitment to reducing its environmental impact and promoting responsible business practices.

Leading the Way in Risk Management

ELSEWEDY ELECTRIC's dedication to sustainability is evident in its impressive ESG (Environmental, Social, and Governance) Risk Score of 20.2 by Sustainalytics. This score, which is lower than the global average, signifies the company's adept management of environmental risks specific to its industry. This proactive approach ensures ELSEWEDY ELECTRIC prioritizes long-term environmental health in its operations.

Excellence Recognized: Awards and Rankings

ELSEWEDY ELECTRIC's sustainability efforts haven't gone unnoticed. The company's consistent focus has been validated by achieving a silver rating on EcoVadis for two consecutive years (2022 & 2023). This prestigious ranking places ELSEWEDY ELECTRIC among the top 15% of global suppliers in terms of sustainability practices.

Furthermore, ELSEWEDY ELECTRIC's CDP score of "B" in Climate Change for 2023 stands out. This score surpasses regional, industry, and global averages, highlighting the company's effectiveness in managing its environmental impact. Additionally, ELSEWEDY ELECTRIC's 2023 S&P Global ESG Score exceeds the industry mean across all dimensions, solidifying its position as a leader in sustainable practices within its sector.

Elsewedy Electric's devotion to sustainability was further validated by their inclusion in the Corporate Knights ranking of the 2022 Global 100 Most Sustainable Corporations in the World. This prestigious ranking acknowledges their leadership among over 7,000 public companies, boasting a revenue exceeding USD1 billion.

Building a Sustainable Future: Product Development

ELSEWEDY ELECTRIC's accountability extends beyond just managing its own operations. The company is actively developing Environmental Product Declarations (EPDs) for over 2,500 of its products. EPDs provide transparent data on a product's environmental impact throughout its lifecycle. This initiative underscores ELSEWEDY ELECTRIC's dedication to sustainable product development, ensuring its solutions are environmentally responsible from design to disposal.

ELSEWEDY ELECTRIC's accomplishments exemplify a holistic approach to sustainability, transcending mere adherence to regulations. Their proactive efforts are instrumental in steering the electric and energy sector towards a brighter, more sustainable tomorrow.