French Legrand announces new expansion plans in Egypt, exports 45% of local production
French multinational company specializing in electrical and digital infrastructure, Legrand, announced expansion plans to introduce a wider product portfolio in an effort to close supply gaps in the local market and cater for a more diverse customer segment, locally and abroad.
Legrand also launched INNOVAL Egypt, an integrated services center that provides specialized training and support for technical staff and after-sales services, and technical studies and designs for Legrand partners and customers.
The inauguration ceremony was attended by Benoît Coquart, global company CEO, and Nicolas Hobeilah, Legrand Managing Director in Egypt.
Legrand's worldwide sales totaled €8.3 billion in 2022, with an annual increase of 19.2 percent. The company has a workforce of over 38,000 people across 90 countries. Legrand distributes its products in more than 170 countries and owns more than 80 brands and 1000 product brands. The company allocates 5 percent of its sales revenue to R&D.
“My visit today is an affirmation of our commitment to the Egyptian market, and a clear act of faith that the economic challenges Egypt has been witnessing will be overcome. Our expansion plans are in line with global ambitions of strengthening our leading positions in electrical & digital infrastructures for buildings and becoming a benchmark for smart electrical devices. Our growth drivers will continue to be organic growth in the fast-growing segments of energy efficiency, data centers and connected products which currently account for one third of our business and targeted bolt-on acquisitions. Since 1954, the Group has acquired 185 companies,” Benoît Coquart, CEO of Legrand, commented on his visit to Egypt.