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Market: Sealmatic expands into Africa via Egypt

Fiinews by Fiinews
December 30, 2024
in Markets
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ValueTech partnership to offer service package to customers

BSE-listed Sealmatic India Ltd (BSE: BOM: 543782) has taken another significant step in its journey of global expansion by entering into a strategic partnership in Egypt to work across Africa.

With ValueTech partnership Sealmatic aims to cater to the varied needs of customers in the Egyptian and the whole of African markets by offering its global standards of excellence https://energychamber.org/.

“The partnership with ValueTech is more than just a business collaboration, it is a gateway for Sealmatic into the African continent,” said Umar AK Balwa, Managing Director of Sealmatic https://www.bseindia.com/.

“With the support of ValueTech, we are confident that we will establish a strong presence in the Egyptian market and beyond; we have joined forces to offer our customers a service package that can be tailored to all applications while at the same time progressively expanding our joint global service presence https://www.nseindia.com/.”

Zeinab Sherif concluded, “That we are here to get a significant portion of the US$45 million mechanical seals market.”

ValueTech is a company with a strong local presence and a deep understanding of the region’s industries.

The Bombay-listed company elaborated, “India and Egypt share a long-standing relationship characterized by economic cooperation, cultural exchanges and mutual respect. This robust relationship provides a strong foundation for Indian companies like Sealmatic to explore and thrive in the Egyptian market https://en.cairochamber.org.eg/.”

Sealmatic & ValueTech have partnered for selling, repair and refurbishment of Sealmatic mechanical seals in Egypt in order to serve customers in the oil and gas, petrochemical, power, water, desalination, chemical and other process industries. Sealmatic recognizes the immense potential within this market and is eager to bring its expertise, cutting-edge and tailor-made solution.

“This partnership will help Sealmatic to get introduced amongst the key players in the Egyptian industrial landscape, including specialists in the Oil & Gas and Power sectors, as well as governmental bodies such as the Ministry of Petroleum and Mineral Resources,” Sealmatic said on 30 Dec. “These connections will be instrumental in carving a niche for Sealmatic in the competitive market of mechanical seals.” Fiinews.com

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