EINDHOVEN, the Netherlands – Signify has launched a Joint Venture with GILA Al Tawakol Electric to develop a regional manufacturing base in Egypt. The new facility will expand and diversify Signify’s manufacturing footprint, capitalizing on strong capabilities in Egypt, and extend the company’s reach and access to important markets in Europe, Africa, and the Middle East.
Our new venture with Gila Electric promises to raise our regional manufacturing capacity, bringing our market-leading lighting innovations to customers in Egypt and beyond,” said Mohamed Saad, President of Africa, Signify. “We are delighted to partner with a strong regional player with many decades’ of experience in manufacturing, access to leading talent, a robust supply network, and exceptional industry knowledge.”
“We are pleased to launch our new venture with Signify, a company that mirrors our unwavering commitment to the highest standards of quality and service,” stated Mokhles Tawakol, CEO of GILA Al Tawakol Electric
Ramy Tawakol, business development director at GILA Al Tawakol Electric, added, “The newly established site in Egypt will offer a sustainable product, leveraging its strategic location for efficient delivery to customers across Africa, the MENA region, and Europe.”
Gila Electric is a manufacturer, distributor, and seller of quality electrical products with a robust legacy of over 50 years of manufacturing expertise. Its highly skilled engineers and technical competencies, combined with Signify’s market-leading lighting innovations, will unlock high-quality, efficient production at a site within easy reach of customers in Egypt, the Middle East, and beyond.
Signify will retain 60% equity in the new entity, Signify Gila Lighting Technologies, and will take operational control of the business. The venture will be located near Cairo, where it will manufacture state-of-the-art LED lamps and luminaires. It is expected to be fully operational in the first quarter of 2025.
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