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Plan under way to revive Egypt's state-run textile firms

20
Oct '18
Plan under way to revive Egypt
Egyptian minister for the public enterprise sector Hisham Tawfiq recently announced that a comprehensive development plan for state-run spinning and weaving companies is being formulated that will be implemented over three years. The plan includes development of the cotton spinning companies through weaving, dyeing and processing, he said.

Tawfiq said this while visiting the Misr Spinning & Weaving Company in al-Mahalla al-Kubra City under state-run Holding Company for Cotton, Spinning, Weaving and Clothing, according to a report in an Egyptian English-language newspaper.

The particular company’s development plan aims to raise operational capacity in a single shift and increase the number of work shifts, thereby raising production capacity.

He stressed on charting out a plan to restructure and manage the assets of the company according to international and domestic standards. (DS)

Fibre2Fashion News Desk – India


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