Latest news with #SAMCO
CairoScene
12-06-2025
- Business
- CairoScene
Industrial Hub for Bridge Parts to Be Established in Egypt
SAMCO teams up with Germany's Maurer to localise production, boost export capacity, and train Egyptian engineers. Jun 12, 2025 A strategic partnership between Egypt's SAMCO and Germany's Maurer is set to establish an integrated industrial complex in Egypt dedicated to manufacturing bridge and tunnel components. The agreement builds on their existing collaboration producing internationally compliant bridge bearings and marks a major step toward reshoring critical infrastructure production. The planned facility will expand current operations to produce bearings, expansion joints, and other necessary parts for infrastructure mega-projects—such as high-speed rail lines, bridges, and tunnels—serving both domestic needs and regional exports to Africa and the Middle East. As part of the agreement, Egyptian engineers and technicians will receive on-the-job training from Maurer experts, accelerating the transfer of modern manufacturing know-how. Already, 75% of the bearing components are locally sourced, and the plan aims for full domestic production in the near future. A technical committee—comprising representatives from SAMCO, the General Authority for Industrial Development, and the Roads and Bridges Authority—will oversee the hub's planning and execution. The committee will set milestones, staffing requirements, and a timeline to ensure the project aligns with national goals to enhance industrial self-sufficiency and private-sector strength in the transport sector .
Time of India
04-06-2025
- Business
- Time of India
NFO Alert: Samco Mutual Fund launches large & mid cap fund
Synopsis Samco Mutual Fund introduces SAMCO Large & Mid Cap Fund. The new fund offer begins on June 5 and closes on June 19. This fund combines large-cap stability with mid-cap growth. It uses the C.A.R.E. Momentum Strategy. The fund invests in the top 250 companies. Minimum investment is Rs 5,000 or Rs 500 via SIP.
