Cairo – Mubasher: Teba for Development plans for establishing EGP300 million facility for manufacturing power transformers in 2018, Teba Chairman Mohamed Soliman said.
The power transformer facility will be constructed on 22,000 square meters in the 10th of Ramadan city.
Soliman added that Teba would strike a partnership with a Chinese company to set up the new facility.
The company targets business volume worth EGP 200 million over the next year, according to the company chairman.
Soliman highlighted that his company aims to export 25% of its production to Arab and African countries, including Sudan and Guinea.
