Xylem official explains reasons behind choosing Egypt for company's water pump investment

CAIRO - 30 May 2023: Senior VP, President, Emerging Markets at Xylem,  Franz Cerwinka, clarified the reasons behind choosing Egypt to be the destination for the company’s water pump investment, instead of expanding its existing operations in other countries in Africa.

 

“Egypt is a larger economy, and growing faster,” Cerwinka told Egypt Today that this is the main reason for picking Egypt for the company’s investment.

 

Cerwinka also added that having the proper local partner helped the company to take the investment decision. “You don't always find the right partners that you can actually do business with and trust. It's not like we can show up, I can show up in Algeria and knock at different doors and find the right partner,” he stated.

 

“Egypt because of its size, the infrastructure that has been put in place, the water challenges that it has, which are, in many cases, similar, especially around food, and the inputs, all the import of food that Egypt gets from overseas, and all the investments that are going into the irrigation space, and so on, it just makes it really attractive,” he said.

 

Senior VP, President, Emerging Markets at Xylem elaborated that there's a lot of spending going on in this sector. So , if there's a market, if it's growing, if it's large, and we have a great partner, go for it. 

 

This came following the inauguration of Xylem’s new factory for water pumps earlier in May in a joint venture between Xylem and Egypt's Tiba Manzalawi Group in Egypt.

 

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.