ABB Egypt Raises Local Component Ratio to 78% Through $300m Investment Drive

CAIRO — ABB has increased the local component ratio in its electrical manufacturing operations to 78%, supported by investments exceeding $300 million over the past decade, according to company statements reported by Egyptian business media. Engineer Ahmed Hammad, head of ABB Egypt’s electrical industries operations, said the company currently operates 13 production lines and industrial facilities […] The post ABB Egypt Raises Local Component Ratio to 78% Through $300m Investment Drive appeared first on The Middle East Observer.