Latest news with #MaterialHandling
Zawya
15 hours ago
- Automotive
- Zawya
Toyota Egypt wins the 2024 Toyota International Sales Award for material handling
Ahmed Monsef: This award is a global testament of Toyota Egypt Group's outstanding performance, the dedication of its team, and its ongoing commitment to delivering world-class solutions. Cairo – In a new milestone that reinforces its regional and international leadership, Toyota Egypt Group has been awarded the prestigious Toyota International Sales Award for Material Handling 2024, presented by Toyota Material Handling International (TMHI). The award was presented to Mr. Ahmed Monsef, CEO of the Group, during the International Distributors Conference held in Japan. This recognition showcases the company's remarkable performance in achieving extraordinary sales results and delivering optimal customer support. This award is considered one of the the most notable recognitions given by TMHI, granted to only four distributors worldwide who have excelled in meeting sales targets, attaining high levels of customer satisfaction—particularly among global key accounts—and excelling in positioning material handling products as a leading and distinguished choice in this vital sector. This global recognition reflects the exceptional standard of operations achieved by Toyota Egypt Group in material handling, in terms of professionalism, service quality, and a commitment to delivering integrated solutions that meet customer expectations. During the conference, Toyota Egypt Group also renewed its distribution agreement with Toyota Material Handling International, as part of a long-term strategic partnership aimed at solidifying cooperation and continuing its success journey in the years ahead. In this regard, Mr. Ahmed Monsef, CEO of Toyota Egypt Group, expressed his pride in the achievement, stating: 'Receiving this international award reflects the culmination of our efforts, driven by a clear strategy focused on operational excellence, team development, and delivering reliable solutions that serve both global and local companies, all while upholding the highest standards of customer satisfaction. This accomplishment is the outcome of ongoing investment in our human capital—a professional and passionate team that consistently strives for excellence. This award marks an international recognition of Toyota Egypt Group's outstanding performance.' It is worth noting that, through its material handling division, Toyota Egypt offers a wide range of innovative solutions and services tailored to meet the needs of various industrial and commercial sectors in the Egyptian market, positioning the group as a trusted strategic partner to many local and international businesses operating in Egypt. About Toyota Egypt Group: Founded in 1979, Toyota Egypt Group brings over 45 years of extensive experience in the Egyptian automotive market. Over the decades, the group has grown and evolved to become one of the leading automotive brands in Egypt, currently employing more than 850 workers and staff members. The group provides its services through a large network supporting vehicle sales, after-sales services, and the direct sale of spare parts and material handling. Toyota Egypt constantly strives to deliver the best to its customers, enriching the buying experience through high-quality and convenient services, such as Automark for certified used cars and trade-ins, as well as in-showroom financing and insurance solutions. The group is also committed to offering genuine Toyota and Lexus oils across all governorates to ensure optimal protection for Toyota and Lexus vehicles.
Time of India
6 days ago
- Business
- Time of India
HG Infra Engineering shares in focus after emerging as lowest bidder for Rs 118 crore naval dockyard project
Shares of HG Infra Engineering will be in focus on Tuesday after the company announced that it has emerged as the lowest bidder for a project at the Naval Dockyard in Mumbai. The Military Engineer Services (MES) has awarded the company the contract for developing an Integrated Material Handling Facility , valued at approximately Rs 117.77 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo The project is scheduled to be executed over a period of 30 months. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. HG Infra financial performance HG Infra reported a 22.6% year-on-year decline in net profit to Rs 147 crore for the quarter ended March 2025, down from Rs 190 crore in the same period last year. Revenue also declined 20.3% to Rs 1,360.9 crore from Rs 1,708.2 crore, reflecting a moderation in project activity. Live Events Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 28% year-on-year to Rs 239.5 crore, compared to Rs 332.6 crore a year earlier. The EBITDA margin narrowed to 17.6% from 19.5%. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months HG Infra Engineering share price target According to Trendlyne, the average analyst target price for HG Infra Engineering is Rs 1,661, implying an upside potential of around 64% from current levels. Of the 15 analysts tracking the stock, the consensus rating is a 'Strong Buy'. On the technical front, the stock's Relative Strength Index (RSI) stands at 35.5, indicating weak momentum. An RSI below 30 is considered oversold, while above 70 is overbought. The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day simple moving averages. So far in 2025, HG Infra shares have declined nearly 33% and are down about 41% over the past 12 months. The company's market capitalisation currently stands at approximately Rs 6,611 crore. Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO Headquartered in Jaipur, Rajasthan, HG Infra Engineering is a leading infrastructure and construction company specialising in the engineering, procurement, and construction (EPC) of roads and highways. The company undertakes projects under government-backed models such as EPC, hybrid annuity (HAM), and public-private partnerships (PPP). In recent years, HG Infra has diversified into railway and metro projects, expanding its capabilities beyond traditional road development. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
