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11-11-2024

Nasr Automotive Company to return to local production within days with the first electric bus

Source: MIST

Youm7-


The Egyptian car market is preparing for the return of local production by "El Nasr Automotive" Company through the production of an electric-powered auto with a high component percentage within a few days, which will be announced in a press conference within days.

This will be attended by Prime Minister Dr. Mostafa Madbouly, Minister of the Business Sector Mohamed El-Shemy, and a group of automotive sector journalists in Egypt.

It is worth noting that El Nasr Automotive Company was established in accordance with Presidential Decree No. 913 on 5/23/1960, and the total area of ​​the company is about 480,000 square meters, according to the company's official website.

The most important products:
Buses - lorries - agricultural tractors (Roman 65, Nasr 65, Nasr 60) and also passenger cars. The company produced the following models of Fiat vehicles (Nasr 1100 - Nasr 125 - Nasr 126 - Nasr 127 - Nasr 128 - Nasr 133 - Nasr 131 - Tempra - Bolognese - Florida - Nasr Shahin car (SL1600) with 96 horsepower - Nasr Shahin car (S1400) with 78 horsepower - in cooperation with the Turkish company Tofaş - Nasr Florida car (1400) with 71 horsepower - Nasr Florida car with air conditioning (1400) with 71 horsepower in cooperation with the Yugoslavian company Zastava.

- The most important production sectors in Nasr Company

First, the passenger car factory:
With an area of ​​​​(42400) m2 dedicated to the assembly and production lines of cars Riding and car body treatment line for rust protection as well as the painting line The passenger car factory assembles passenger cars of different models.

Compressor Factory:
The Compressor Factory carries out forming, welding and operating operations for parts of trucks, buses and tractors and uses a group of presses with capacities from 35 tons to (1000) thousand tons as well as heating ovens, shears, bends and oxygen and electrical welding equipment.

Parts, Gears and Heat Treatment Factory:
The Parts, Gears and Heat Treatment Factory manufactures mechanical parts for trucks, buses, tractors and passenger cars.

Tool Engineering Factory.

The Tool Engineering Factory designs and produces stamps, templates and measuring devices.

Operation for others: The company operates for others for the following companies:
(Engineering Company for Automotive Manufacturing - El Nasr Company for Forgings - Eastern Company for Tobacco)

Market HighLights

EGX30

Indices

NameLastChCh%
EGX30 30,248.44 -590.54 %-1.91
EGX100 12,079.39 -223.22 %-1.81
EGX70E 8,858.87 -181.36 %-2.01
EGX30C 37,524.04 -743.76 %-1.94

Market Breadth ***

Declining : Advancing    5.29 : 1

shares

Advancing3414%
Declining18078%
Unchanged146%
Total228
T/O (EGP Mn)44933373761394
Volume (Mn)108621183835
*** Equities only, OPR not Include, OTC included

Sector Ranking by Activity

Sector NameT/O (EGP Mn) Mkt %
Financial Services & Electronic Payments1,329.3629.59
Real Estate and Hotels1,084.7724.14
Banks701.8315.62
Industrial, Construction and Materials484.2810.78
Food and Beverage310.826.92
Chemicals124.882.78
Consumer Discretionary101.322.26
Healthcare and Pharmaceuticals94.762.11
Transportation, Shipping and Logistics94.102.09
Technology, Media and Telecom71.251.59
Other53.161.18
Education18.510.41
Energy17.540.39