MATELEC GROUP - The International Resource Journal

12 COMPANY FOCUS MatelecAlong with these markets served in Africa andthe Gulf region, Matelec is working on projectsin countries across the Mediterranean, thereforeplaying a leading role as the industry evolves.In regards to its R&D activities, the companyis working with French utilities giant EDF, designingnew materials that will heavily reduce energylosses from its products.“We believe that a new type oftransformer will be industriallyavailable within two years and itwill be a product you will see allover the world,” says Soughayar.“We are still in the R&D phase, but what wedo know is that this transformer will be cost effectivewhen compared to traditional models.”Committed to society and the naturalenvironmentSoughayar insists that as Matelec traversed therecession it has also been able to provide itsworkforce with the same care and attention as itwould in a booming economy.“We didn’t notice the recession, because wework in so many markets,” he recalls.“If the European market drops off for us wenotice that in Africa it will grow, so we are oftencompensated by having such an expansive presence.”The company has managed to maintain arelatively high rate of staff retention and looksout for its staff by offering a helping hand whereverpossible.“We provide help with scholarships for thechildren of our staff, full social security coverageincluding medical coverage and we have