Egypt to set up new textile factory to boost spinning and weaving sector
Mansour Abdel-Ghani, spokesman for the Ministry of Public Trade Sector, announced that the garment factories will be opened in July for the state project to develop the spinning and weaving sector. Abdel-Ghani said that Mahmoud Esmat, Minister of the Public Trade Sector, is following the project on a day-to-day basis.
He said that the garment factory project is being implemented by a holding company for cotton, spinning, weaving and fabric. It aims to maximize the yield of long-staple and extra-long Egyptian cotton, and add transformational industries such as oil presses, sorghum and others.
Hisham Tawfiq, Minister of the Public Enterprises Sector, announced in 2018 that a comprehensive development plan is underway for the spinning and weaving industry within the ministry's companies, which will be implemented over three years. Tawfiq said the plan would include the development of cotton spinning companies through weaving, dyeing and processing.
The minister informed that the company's development plan aims at increasing the operating capacity in a single shift and increasing the number of work shifts, which will lead to increased production capacity. The company would expect major investments especially for the dyeing and processing phases. During his meeting with the company's board of directors and employees' representatives, Taufiq stressed the need to improve the costing and pricing system for products, develop an effective marketing plan, and open new export markets.
He suggested increasing awareness among the workers about the objectives of the development plan, which reflects positively on the performance of the company and the employees. “We have to promote the textile and clothing industry to compete in the global market,” he said.
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