Tofels: We have completed 80% of the plan and target 60% of local constituencies
The Engineering Automotive Manufacturing Company, affiliated to the Holding Company for Metal Industries, is implementing a plan to develop, rehabilitate and revitalize its factory in preparation for the start of the production of electric buses.
Wafa Tofilis, managing director of the company, said that it has already completed the implementation of 80% of the plan to rehabilitate and renovate the factory and raise its production efficiency, which began 10 months ago.
Tofils explained to the “Stock Exchange” that 60% of the investment cost for rehabilitation has been paid, preferring not to mention the exact amount until the factory’s equipment is finally completed.
He added that the “Engineering Cars” factory includes 3 production lines for 6 different families of buses produced by the company, with a capacity of approximately 2,500 buses per family.
“Engineering Cars” produces the microbus 14 passengers, the mini bus 28 passengers, the mini bus 32 passengers, the city bus (public transport) 100 passengers between standing and the seat, the Inter City transport between cities for goods, and the tourist bus to all governorates.
Tofilis confirmed that the company will direct, during the coming period, to produce a chassis for buses running with natural gas and electricity, to work with clean energy, based on the state’s direction and the instructions of President Abdel Fattah El-Sisi.
The managing director of the company said that the main goal of the partnership with “Bright Skies” is to localize software technology, develop operating systems and control electric buses.
The company is currently preparing to choose two models of the company’s production to start the initial production phase, and they will be announced during the coming period.
The company plans to rely on approximately 55 to 60% of local components in the production of the electric bus, as well as procuring the remaining percentage from foreign markets, especially the European market.
It is noteworthy that the engineering company is an Egyptian joint stock industrial company, affiliated with the Holding Company for Metal Industries and subject to the Public Business Sector Law No. 203 of 1991.
The company was established in 2000 as an independent company and a subsidiary of El Nasr Automotive Manufacturing Company, specializing in the manufacture and assembly of commercial vehicles from buses.
The factory is located on an area of approximately 342 thousand square meters and is divided into 3 production factories, a number of models and design workshops, a group of buildings, and two after-sales service centers in Cairo and Alexandria.
The article, managing director of the company: Rehabilitation of the Al-Handasia Factory, in preparation for the production of electric buses, was written in the Al-Borsa newspaper.