‘MRZ’ builds factory with LE100m in investment

By Hamed Mahmoud

The Engineering Company for Electromechanical Works “MRZ”, which specialises in producing tin panels, including transformer, low and medium voltage, intends to establish a new factory for the production of main distributors with initial investments of 100 million pounds.

Marzouq Mohamed Ali, Chairman of the MRZ Engineering Company for Electromechanical Works, said that the factory will be built on an area of ​​15 thousand square metres in the 6th of October City and will be completed in early 2022.

He indicated that the company is considering borrowing from the “National Bank and Banque Misr” to provide part of the financing necessary for the establishment of the factory.

Ali added during a press conference that the Decent Life initiative, which aims to develop and raise the efficiency and transmission of electricity in 50 centres, will support the operation of companies during the coming period, and the Engineering Company for Electromechanical Works is studying the possibility of contributing to the project through the Holding Company for Electricity.

He explained that the company works in medium voltage panels, and started working on these panels with 12 and 24 voltage knives with components from ABB International, after adopting this product from the Egyptian Electricity Holding Company, which has the inherent right to accept the product or not.

He mentioned that the company continued working after that to produce medium voltage panels with knives insulated with SF6 gas, and in the third stage, sheet booths were manufactured that include the transformer and the low and medium voltage, which is a complete unit placed in the streets, and the accreditation for the two phases was obtained from the holding company.

He added that “the Egyptian Electricity Holding Company provides means of support for the engineering company, and the entire state stands behind the manufacturers.”

He pointed out that the company is currently providing about 100 job opportunities, and it is expected that these numbers will increase significantly during the coming period, with the increase in the investments of the engineering company.