It is with deep sadness and sorrow that we announce the passing of Mr. Nashed Assaad Abdel Malak, the co-founder of Cairo International Trade.

His vision was the absolute reason of all the achievements.

With guidance and patience, the strong reputation was built steadily

He played a very important role in building CIT’s name in the Egyptian market and making good and trustworthy relations with the business partners that had been extended till now

We owe him the workplace where we feel encouraged, trusted and inspired.

Mr. Nashed passed away on Wednesday 02.08.2023.

The funeral was held at St. George Church – Manial on Thursday 03.08.2023 and the family is accepting the condolences in the same church at 6:00 p.m. on the same day

The deepest condolences to Mr. Nashed’s family and to CIT family, our thoughts are with them at this most difficult time.

TO OUR VALUABLE FRIENDS AND BUSINESS PARTENERS

Get your free ticket & join us at ACHEMA Pulse!

Our name, IPCO, reflects our position as a world-leader in the design and manufacture of high-performance industrial process systems.

Throughput our history we have worked with innovative companies to develop solutions that deliver a competitive edge.

In 1901 we produced the world’s first steel belt and the inherent properties of this conveying medium – flatness, durability, thermal transfer and ease of cleaning – opened the door to the development of a world of new industrial processes.

Today there are literally thousands of different products – foods, chemicals, construction materials, automotive parts and many, many more – that owe their existence in part at least to an IPCO product or system.

Our steel belts have been used in wind tunnels to test the aerodynamics of Formula One cars; there are sea waters that are cleaner thanks to the use of our oil skimmers; and in the 1920s, we designed a magazine sorting solution based on a steel belt studded with fiber pins.

Our conveying equipment has been used to carry everything from car parts, parcels and iron ore to soap, cycle saddles and even people (our Movator system transported its first passengers at Châtelet Métro station, Paris in 1964).

However, it is for industrial processes such as pressing, cooling, forming, freezing, casting and laminating that we are best known. And the extraordinary scope of these applications means it’s unlikely that any one of us goes a day without coming into contact with a product that was processed, in some form or another, on IPCO equipment.

From food to flooring, from cars to construction, IPCO – the industrial process solutions company –

is at the heart of everything. Join the IPCO world.

For more details, please click the link below:

IPCO_WORLD_TOUCHING_EVERYONE’S_LIVES_EVERYDAY

Service is Central to Our Value Proposition: IPCO India

IPCO is owned by FAM AB, a part of the Wallenberg Group. The history of the company dates back to 120 years with local service capability today in more than 30 countries and annual sales in excess of €200 million. Customers can count on the management of IPCO group for stability, reliability and effective performance of products with timely service support and assistance when needed.

In conversation with Ulrich Nanz, Sales Manager Sulphur & Chemicals, IPCO we can decode the company’s growth philosophy, strategies in place to realise the Make in India vision, the impact of Covid-19 on both Indian and global businesses, post-pandemic recovery plan, the challenges and opportunities that lie ahead for IPCO in India in the not-so-distant future.

For more details, please check the following link:

CEW January 2021

Virtual BU Belts Sales Meeting: Africa

By Maren Dϋsterloh – IPCO

“Get connected” – Market Manager, Joerg Kaufmann, invited his African team to a ales conference via Teams for Two half days this week. Not so special these days, but as the African Team is already split into four different locations (Johannesburg, Ghana, Port Elisabeth & Egypt) on their daily business, with him as market manager based in Germany, new communication ways need to be found. And business needs to go on.

By connecting three continents and at the same time 10 locations for an interesting experience and market exchange, where also Managing Director, Anders Bodin, as well as Craig Bartsch, Marketing & Sales Manager, based in US contributed to this fruitful and interesting meeting.

“Africa is a promising market with a young motivated team”, says Joerg Kaufmann. “Teams is a really good possibility to keep in touch when travelling is impossible and the last two days showed, that we are connected, that we can discuss our future also in a virtual meeting.”

Dear Customers / Partners,

As a proud employer of Cairo International Trade, I would like to announce that we have cleared another big milestone in the history of our organization. This year our company shall complete 25 years of its establishment (Silver Jubilee).

I would like to take this occasion to thank each and every one of you for being an earnest part of Cairo International Trade

Our company has uncountable achievements and accomplishments, especially from last year which proved to be exceptionally productive for our business.

We are grateful to our partners and customers who trusted in us to help them provide immaculate services and products. Their requests, demands, and feedbacks have pushed us to go a long way and improve our business to make it so great.

Our success story is incomplete without the encouragement of our clients and customers. They have been the strongest marketing strategy for our company.

We can’t thank you enough for your contributions to Cairo International Trade.

We plan to keep our business and relation growing with you and continue to provide you with nothing less than the best. With your support, we wish to explore new heights this year.

We would like also to inform you that the Company has changed its E-Mail ID and Website address as follows:

Email:    info@cit.com.eg

Website: www.cit.com.eg

Thanking you, Yours sincerely,

Cairo International Trade

Michael Nashed

General Manager

CAIRO, February 2021

• Transformational acquisition will make GMM Pfaudler the market leader in corrosion-resistance technologies, systems and services
• Revenue of the combined entity estimated to be around Rs. 20 bn (USD 266 mn*)
• Patel family (promoters of GMM Pfaudler) to invest alongside GMM Pfaudler
• This acquisition is expected to be earnings accretive immediately to the shareholders of GMM Pfaudler

​GMM Pfaudler Limited (“GMM” or “Company”) today announced the signing of definitive agreements to acquire a majority stake in the global business of its parent, the Pfaudler Group (“Pfaudler”) from the private equity firm Deutsche Beteiligungs AG Fund VI (“DBAG”). As per the agreements, GMM (directly and through its subsidiary Mavag AG) and the Patel family will acquire, a 54% and 26% equity stake respectively in the Pfaudler Group. DBAG will continue to retain the balance 20% stake. The consideration for the 54% stake acquired by GMM, which is expected to be around USD 27.4 million, will be funded by the Company through a mix of internal accruals and debt.

Pursuant to the acquisition, GMM shall become the ultimate holding company with the entire business of Pfaudler being consolidated into the Company.  The Company will have a consolidated revenue of Rs. 20bn. and EBITDA of approximately Rs. 2.5 bn.

GMM will become the world leader in corrosion-resistance technologies, systems and services with 12 manufacturing facilities across 8 countries and 4 continents and employing around 1,500 people.

(*Assuming an exchange rate of USD: INR 75)

Management Commentary

Commenting on the transaction:

Mr. Tarak Patel, Managing Director, GMM said, “Over the last 5 years, we have shown an unparalleled track record of growth at GMM and it is now time to take our Company to the next level through this transformational acquisition. Being an integral part of Pfaudler for more than 3 decades, not only do we understand the business very well, but have also managed to build a collaborative relationship with the different Pfaudler units around the world. This transaction is unique from the stand point that it combines the strengths of three very different partners – Promoter family, Professional Management and Private Equity, which we believe will help extract synergies and create value for all stakeholders.  On a personal level and as the third generation of a family business that began in 1963, it is a moment of great pride to see GMM enter the global stage.”

Thomas Kehl, CEO, Pfaudler said, “Over the last few years Pfaudler has spent significant capex in modernizing its manufacturing facilities across the globe. This transaction will bring synergies across multiple levels, the combined business will now be in a position to leverage GMM’s highly successful lean production model and low-cost methods to improve both revenue and profitability.  In addition, our order book remains strong on the back of robust demand driven by the Chemical and Pharmaceutical industries.  Together with the GMM management and DBAG, who we have worked closely with over the last 5 years, we expect to complete a seamless integration and hit the ground running.”

Tom Alzin, Managing Director, DBAG said, “The rationale behind our investment in Pfaudler in 2014 was to back a high-quality supplier of corrosion-resistant equipment in a global niche market. The Group’s progress over the past 5 years along with the phenomenal performance from GMM validates our investment decision.  As a former Board Member of GMM, I can say that we have built a strong relationship with the Patel family and remain committed to support the business through expansion of the product portfolio by add-on acquisitions.  Given the synergies of the combined business and the long association between Pfaudler and GMM, we believe that the combined business will be EPS accretive from the start and we will continue to remain invested in the Company.”

Subject to the satisfaction of certain closing conditions and regulatory approvals, the transaction is expected to close in November 2020.

Alvarez & Marsal and Trilegal acted as the exclusive financial and legal advisors, respectively to GMM Pfaudler.

The company will conduct a call at 4:00 PM IST on August 24, 2020 where the senior management will discuss this transaction and answer questions from participants. To participate in this conference call, please dial the numbers provided below ten minutes ahead of the scheduled start time. The dial-in number for  this call is +91 22 6280 1107 / +91 22 7115 8008.​

​About GMM Pfaudler

GMM is a leading supplier of process equipment to the pharmaceutical and chemical industries. GMM is the market leader and has more than five decades’ experience in manufacturing Glass- Lined Equipment. Over the years, GMM has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipment and is today a one-stop shop for the chemical process industry.  The Company has a long- standing track record of consistent dividends. 

For further details please contact www.gmmpfaudler.com

​About Pfaudler

Since 1884, Pfaudler has grown to be a truly global, multi-national and diverse company, employing over 1,500 employees and manufacturing facilities on four continents. Pfaudler is present on the market with several branded product lines covering a broad portfolio that includes fluoropolymers, filtration & drying, engineered column systems, lab & process glass, sealing technology and glass-lined & alloy systems.  Pfaudler’s Systems and Services capabilities allow us to support the customers from the lab to the full-scale production plant, including optimizing and improving the whole life cycle of any process equipment normally used in the chemical, pharmaceutical and food industries.  Pfaudler is more, Much More than Glass-Lined.

For more information please visit: www.pfaudler.com

About DBAG​

Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds, and itself invests alongside those funds predominantly in well-positioned mid-market companies with development potential. DBAG focuses on those industry sectors where Germany’s ‘Mittelstand’ is strong in international comparison.  A growing portion of DBAG’s equity investments is are deployed in its new focus sectors of broadband/telecommunications, IT services/software and healthcare. Its long-term, value-enhancing, entrepreneurial investment approach makes DBAG a sought-after investment partner in the German-speaking world. DBAG Group’s assets under management or advisory amount to 2.5 billion euros.

For more information please visit: www.dbag.de

Pfaudler has completely redesigned its online presence: our eye-catching new website is officially online!

With an innovative graphic design, enriched content and improved information layout, Pfaudler’s new website has been given a modern and dynamic feel.

The website is optimized for all reading devices and developed to enhance and simplify the user experience. The Pfaudler website is now so much easier to use and look at!

From the homepage, users can access various sections of interest: from the structure of our Group and its brands to the wide range of process systems, product technologies and related services offered.

More multimedia content has been added to each page and in the “News & Media” section; this portal has become a fully-fledged communication platform and a resource available to all users.

Communication with Customers is of paramount importance to us. In the “Contacts” section, users can visit Pfaudler’s global organization and interact with our team to request information and find answers to their needs.

The new Pfaudler website, available in English, German and Chinese, is an enhanced tool that allows us to interact with users in an intuitive and advanced way. This is only the first step: the website will continue to evolve with all the latest features along with our digital solution. 

To enjoy the new website, visit www.pfaudler.com and sign up for our newsletters to get news and updates from Pfaudler Group!