is a unique name that escalates the concept of The One Stop Shop of all Types of Cables to new heights and with all the companies on board MESC
is one of the leading players in the industry and its portfolio of accomplished and ongoing projects speaks volume of its expertise and creditability.
2009 marked yet another milestone in MESC Group
spectacular evolution and growth, and the sales grew at its fastest in the last quarter smashing expectations and adding pressure to bring forward with its vision plans not only for the GCC region but for the MENA region.
which is based in Saudi Arabia and a member of MESC Group
has signed an initial agreement with United Transformers Electric Co (UTEC) on setting June 30, 2010 target for the completion of the takeover after seeking approval for a capital hike to finance the takeover and doing the necessary approvals from its owners, official parties and an assembly to raising capital for the purpose of owning UTEC shares. UTEC is a Saudi- Australian joint venture with a reputable Australian transformer manufacturer, WILSON, which is known as one of the world leaders in distribution and power transformers, established in 1933 and produce a comprehensive range up to 250MVA 362KV.
In addition to transformers activity, Utec has a license agreement from F&G – MOELLER, the famous German brand for switchgear manufacturer. Also, Utec has an additional business unit to produce the substation as per SEC (Saudi Electricity Company) specs, Municipalities Specs or customs made type. The substation is either consists of Transformer and LV compartment, which is known as unit substation, or consists of RMU + Transformer + LV, which is know as package substation.
The rating varies from 100KVA up to 2000KVA. Once the acquisition is completed, MESC Group
will have 6 companies in its fold and will inevitably face ever increasing competition, and will continue to deliver good value for money to its customers. It will also continue to look for opportunities to grow its business outside the MENA Region as a part of its long term growth strategy.
To achieve this, strategic alliances and joint ventures will continue to be one of the avenues undertaken by the Group to increase its master share. The Group is values-driven and vision-guided group that put a very big emphasis on its values, corporate culture, career development opportunities, strong resources, compliance with international health and safety regulations, and the way it treats and empowers its staff. It strongly believes that its employees are its most valuable asset.