With the completed order worth nearly HUF 100 million, the Hungarian company, which manufactures transformers, high-performance electric motors and generators, and services high-voltage equipment, has strengthened its position in the North African region. The company's service division also completed one of its largest projects with the on-site refurbishment of a hydro generator in the North African country.
Ganz's custom-designed, special generator unit will be used by the agrochemicals company to recover heat energy from process exhaust steam in its fertilizer factory. The generator, which will operate at a high speed of 1,500 RPM, will provide approximately 50% of the plant's electrical output, ensuring savings in the operational costs for the factory.
"Our company has been present in the Egyptian market since the 1980s, but following the restructuring, this is our first project in the new era of Ganz, with more planned projects and cooperations for the future. Our company's goal for this year is to continue to grow and strengthen our market position, and an important part of this is to stabilize our ownership and the operation of our factory in Tápiószele and to boost our export activities. This project of 250 thousand euros that we have just completed in Egypt proves the success of the reorganization process and the stabilization of our operations," said Jan Prins, managing director of Ganz Transformers and Electric Rotating Machines.
Ganz also carried out maintenance work on a 75 MVA hydro generator for the Hydro Plants Generation Company (HPGC) in Aswan, Egypt. This is one of the largest refurbishment projects carried out on-site by Ganz's service division in recent years.
Ganz Transformers and Electric Rotating Machines started production in the year of its foundation, in 2020, in its factory, which was returned to Hungarian ownership after more than 15 years from the former Indian owner CG Electric which struggled with financing problems. Since then, the company has been steadily increasing its production volume and expanding its export activities. Ganz has already fulfilled 80% of its order volume for this year in the first quarter.
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