EGYPT – Bühler Group, a Swiss milling technology provider, has inked a Cooperation Agreement with Elsewedy Electric and IBC Group (IBC) to foster the localization of grain silo manufacturing in Egypt.
This collaborative effort seeks to bolster food security and contribute to the sustainable development of the country’s agricultural sector.
The agreement underscores Elsewedy Electric’s commitment to expanding its industrial footprint by leveraging its expertise and forging partnerships with globally recognized technology leaders.
Led by Elsewedy Electric and IBC, with Bühler Group providing advanced technology, technical support, and research and development capabilities, this initiative holds the promise of significant advancements in the grain silos industry.
Delegates from Bühler Group, including Mr. Samuel Schär, an Executive Board Member and Chief Service and sales Officer, attended the signing ceremony, as did a delegation from IBC, led by CEO Akram Khreis. Eng.
Ahmed El Sewedy, CEO and President of Elsewedy Electric, and senior members of the company’s infrastructure team also attended.
“Our partnership with Bühler Group and IBC reflects our commitment to nationalizing key industries and harnessing the expertise of international firms,” stated Ahmed El Sewedy. “By prioritizing strategic sectors such as grain silos, we aim to deepen component manufacturing and transition from imports to local production. This collaboration will also create export opportunities, reinforcing Egypt’s role in regional food security.”
Samuel Schär of Bühler Group expressed excitement about the collaboration, emphasizing the potential for innovative solutions and significant progress resulting from the combined strengths of Elsewedy Electric and Bühler.
Akram Khreis of IBC Group highlighted the strategic significance of the partnership for the agricultural sector, aiming to enhance the efficiency, effectiveness, and resilience of grain storage and management systems.
Egypt’s strategic wheat reserves sufficient for three months
In other news, in a statement on Wednesday, Supply Minister Ali Moselhy announced that Egypt’s strategic reserves of wheat are adequate for three months, while reserves of vegetable oils are ample for 5.4 months and those of sugar stand at 11.4 months.
Egypt, a significant wheat importer, has procured 900,000 metric tons of local wheat thus far in the current harvest season, amounting to about 30% of its target.
The country aims to procure 3.5 million tons of local wheat in the 2024 season, with a notable increase in daily procurement rates compared to previous seasons.
For all the latest grains industry news from Africa, the Middle East, and the World, subscribe to our weekly NEWSLETTERS, follow us on LinkedIn, and subscribe to our YouTube channel.
