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About Ece Background
Our strategy
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About ECE
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Established
in 1954, Electro Cable Egypt is the Largest diversified
Cables Company in Egypt .
The Company produces both Power Cables and Telecommunication
Cables for local markets and for export as well.
Approximately two thirds of revenues are derived from Power
Cables Sales to the Electricity Sector.
Business has been conducted over 370,000 sq.m. Ismaellia
Canal Road in Qualubia Governorate. Low, Medium and High
Tension Power Cables and Telecom Cables represent ECE's wide
range of products that can be manufactured in different
kinds and specifications . The company's exports to overseas
markets in Africa , Europe and Arab Countries.
The export business represents a high potential business to
ECE . Likewise , the potential booming of demand on cables
for the countrywide power networks and anticipated
renovation.Moreover,
the unprecedented development of new cities and new
communities in Egypt that witness remarkable construction
and telecommunication processes highlights the obvious
potentials of local market for cables industry. It is worth
mentioning that all the company 's production lines are
environmentally sustainable facilities and all environmenal
regulations are always adhered to. |
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Background
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For over four
decades , the Electro Cable Egypt " ECE " has been the
leading manufacturer of Cables in Egypt.
ECE is a shareholding company founded in 1954 by seventeen
shareholders out of which two French companies ( Electro
Cables and Trefileries Luminaries Duhauro). In the early
Sixties, the company was nationalized and became a public
sector entity. Since 1991, the company has been operating
under the provisions of law 203 for the same year as an
affiliated company of the Holding has been Company for
Engineering Industries with a current paid on capital of L.E.
33 Million divided into 3.3 million shares at par value of
L.E. 10 / share .
The year 1997 witnessed the privatization of the company
when a distinguished group of Strategic Investors decided to
buy out the majority of shares held by the Holding Company
in October 1997, and consequently, The Company is currently
operating under law 159 for the year 1981 and its
shareholding structure is as follows:
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Shareholders |
% |
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Strategic Investors |
60.
0 |
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Individual Shareholders |
3.7 |
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Banks and Funds |
8.0 |
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Workers Union |
5.0 |
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Employees |
3.3 |
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Total |
100 |
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Since the
fifties, the company has been actively involved in the
production and testing of a wide range of wires, power
cables and telecom cables. It has been ensured that the
production and testing facilities of the company have kept
abreast of the ever-changing technological advances in the
Industry. This has enabled the company to maintain its
efficiency & manufacture cables which conform to an
ever-increasing range of test requirements. These production
facilities are continuously installing new machinery and
equipment in order to maintain their efficiency , to keep
pace with the latest production techniques, to supply both
domestic and international markets and to consolidate a
strong position in the international cable markets .
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The way Forward
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Considering
the strategic Development Plans prepared by the government
of Egypt for the coming 20 years and its launched projects
that have already started outside the Nile Valley region
Sinai., southern valley and coastal areas, the enormous
growth opportunities are guaranteed . Definitely the
expected booming of demand from power, construction and
telecommunication sectors to boost these development
processes in Egypt , in Middle East and most of developing
countries in Africa reveals the growth opportunity for the
cables industry in general and for its key players in the
region headed by ECE. Therefore getting prepared for the
said booming in demand by the wise planing for expansion and
diversification is the challenge facing ECE 's new board of
directors at the moment.
Consequently, getting the company equipped, empowered and
armed with the most advanced technologies that guarantee the
most outstanding operation economics and the highest quality
levels along with most possible productivity level is the
short term goal targeted by the new board of directors.
Meanwhile, the replacement and rehabilitation of the old
production lines will continuously be receiving the utmost
attention.
Strategic marketing activities will be of absolute
importance in the Agenda of the new board of directors
especially the on-going marketing research of both local and
export markets. Utterly , the continuos analysis of both
demand forces and supply forces in the markets will guide
the wise planning for future expansions, will strengthen
the competitive position of ECE in its markets and as a
result the financial performance and profitability will take
off remarkably.
Being the "God Father" to the other cables companies in the
region after attracting some of its people to lead the
operations in these recent facilities, ECE is planning
for strategic development of its human resources who
represent the caliber and the in-depth knowledge of the
industry in the region.Not only by securing their rights and
privileges but also through the enhancement of their
capabilities, providing outstanding career opportunities and
retaining them as the company 's credibility for the future
achievements
ECE's organizational structure is to be redesigned to allow
the company to respond faster and more effectively to the
needs of our customers. Manufacturing and distribution
processes are to be made more efficient & customer-forced
values are to be deeply entrenched.
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ECE’s Vision
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The commitment
of ECE to produce the whole gamut of power & telecom cables
and to overall quality, technological developments &
engineering excellence coupled with full support from
production, engineering and marketing to ensure the products
reliability, highest level of quality and the customers
loyalty.
Our high standards & ISO certified consistency can help for
achieving such goals.
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ECE’s Mission
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To support
the success of our customers in their developmental
processes by exceeding their expectations & providing
quality
cables products, to support the leadership position of our
company
in the market through boosting the industry competence and
guarantee growth for our shareholders.
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ECE’s Strategy
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Planning for growth and quality Assurance.
• Enhancing the Capabilities of its Manpower for competent
utilization of their credibility.
• Aggressive marketing plans and activities .
• Exploring high technology and complementary industries.
• Competent improvement of the operation economics for
retaining our competitive position in local markets as well
as major development of Exports.
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