Egypt stepping up efforts to modernise textile, spinning sector: PM

Billions of pounds have been invested in the sector, with private-sector partnerships now being engaged for management and operations to safeguard investments and ensure optimal utilisation of assets, he said while chairing a government meeting to review the implementation of the textile sector development plan.

Egypt is accelerating efforts to modernise its textile and spinning sector, according to Prime Minister Mostafa Madbouly.
The textile sector development plan aims at overhauling factories, restructuring operational systems and improving production efficiency through advanced technology, enhanced product quality, raised output, expanded exports and sustainable employment.

The comprehensive modernisation plan aims at overhauling factories, restructuring operational systems and improving production efficiency through advanced technology, enhanced product quality, raised output, expanded exports and sustainable employment, a regional news agency reported.

Egypt Spinning & Weaving Company in Mahalla has achieved 95.5 per cent completion of its spinning plant and 90 per cent of its dyeing facility.

At Kafr El-Dawwar, overall development work at the Egypt Spinning & Dyeing Company reached 79 per cent, with plans to complete the remaining work. In Damietta, spinning and textile preparation factories reached 74 per cent and 92 per cent completion respectively, with the dyeing facility at 82 per cent. The Upper Egypt Spinning & Weaving Company in Minya recorded 71 per cent progress.

Other completed projects include Shibin El-Kom Spinning & Weaving (Spinning 2), with a daily production capacity of around 10 tonnes of yarn, and the Dakahlia Spinning & Weaving Company.

The meeting also reviewed production, sales, and inventory levels at the Egypt Synthetic Silk & Polyester Fibers Company and the Egypt Cotton Trading & Ginning Company, as well as export performance from Mahalla factories.

Fibre2Fashion News Desk (DS)