The Ministry of Public Business Sector in Egypt is set to open new textile factories in July as part of its project plan to develop the spinning and weaving sector.
The project is being implemented by the Holding Company for Cotton, Spinning, Weaving, and Clothes, and aims to maximize the yield of long-staple and extra-long Egyptian cotton. Additionally, the project seeks to introduce transformational industries such as oil presses, fodder, and more.
The textile industry in Egypt is undergoing a comprehensive development plan that aims to uplift the spinning and weaving industry within the ministry's companies. The plan, which began in 2018, is set to be implemented over three years and will include the development of cotton spinning companies through weaving, dyeing, and processing.
The ministry stressed the need to improve the costing and pricing systems for the products, develop an effective marketing plan, and open new export markets during his meeting with the company's board of directors and employee representatives.
With these new factories and the comprehensive development plan in place, the textile industry in Egypt is set to make significant strides towards achieving this goal.
