R&M witnessing strong growth in Egypt
Reichle and De-Massari (R&M), the Swiss cabling specialist announced today it is witnessing strong sales figures and increasing market share in Egypt despite the cautious outlook affecting the market. The company attributes its growth trend to its advanced future proof product portfolio and market reputation.
R&M’s primary focus is among high-end users, and now has a market share exceeding 30% in the high end segment. The company has been in the local Egyptian market for five years and has since established solid relations with major enterprises including hospitals, banks, oil and gas companies.
R&M also boasts impressive domain experience in the Egyptian telecommunications sector, one of the fastest growing sectors in Egypt. R&M has been actively cooperating with one of the leading telecom companies in Egypt since 2000 as well as the GSM operators for the past five years, and has appointed Mr. Ahmed Abu El Naga as key account manager for public networks, Africa, for more focus on this fast growing sector.
While R&M has seen certain industry verticals affected by the financial crisis, its extensive product portfolio for a wide range of industries has enabled R&M to achieve strong sales growth despite a slowdown in certain sectors. R&M also credits its future proof design and zero defect components for propelling growth, as clients have come to value its Swiss quality and the superior returns on investment R&M products bring.
“As many companies have seen, there was a decline in the market situation for the first half of the year. But due to our expertise in the market and future proof portfolio, we’ve seen extremely strong sales growth,” stated Alfred Tharwat, Area Manager, Africa.
“Going forward, we are concentrating on work with some major banks, oil companies, GSM providers, supplying the fiber cables to major new cities for smart home services and applications as well as working extensively with consultants and contractors on several large construction bids. This will allow us to further showcase our innovative advanced cabling solutions, “added Mr. Tharwat.
R&M is one of the world’s leading cabling specialists, represented internationally in over 30 countries. The Middle East Africa region is considered a key market for the company, where R&M is one of the top three players in the entire region. Its forward looking design philosophy throughout its entire product range highlights R&M’s commitment to bringing enterprises and end users innovative products with current and future communications needs in mind.