A general plan for managing Egypt’s spinning, weaving and dyeing assets and maximizing their revenues

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Today, Saturday, Dr. Mahmoud Esmat, Minister of Public Business Sector, inspected the development project in the Misr Spinning, Weaving and Dyers Al-Bayda Company complex in Kafr El-Dawwar, Buhaira Governorate, and reviewed the general plan for managing the assets of the Mahmoudia, Al-Seyouf, Al-Ahlia and Stia companies and maximizing their economic returns in line with the work of building new factories and modern technology. Used in the context of field trips to follow up on the implementation of the national project for the development of the spinning and weaving industry.

Dr. Esmat reviewed the stages of implementation of the industrial castle project at the Al-Bayda site, which includes 6 integrated factories for the spinning and weaving industry on an area of ​​337 thousand square meters, the timings of completion of the works and the arrival dates of the new machines, and ensuring the timing schedules to prevent any storage work for the equipment and that the shipment be compatible with the dates Direct installation, explaining the stages of implementation of the spinning factory on an area of ​​36,250 square meters with 88,128 yarns and a production capacity of 9,513 tons per year, and the textile factory on an area of ​​20,900 square meters, which includes factories 1 and 2 textile preparations with 384 weaving looms, in addition to the dyeing, bleaching, printing and processing factory on an area of ​​53,000 square metres. square meters with a production capacity of 54 million meters annually, and a detailing factory on an area of ​​1500 square meters with a production capacity of 5.7 million pieces annually, with a total investment volume of more than 3 billion pounds in construction, in addition to 115 million euros, the value of new machines.

Business Sector Minister on a field tour of Kafr El Dawar factories

Dr. Mahmoud Esmat stressed the need to pay attention to labor training and rehabilitation programs and cooperate in this with the training center of the Misr Spinning and Weaving Company in Mahalla Al-Kubra, referring to the number of courses that took place, training programs, an inventory of existing competencies, and programs to raise workers’ awareness of the importance of the giant project for the development of industry, especially the industrial castle in Kafr El Dawar. And the necessity of adhering to the deadlines set for finishing the works in preparation for the trial operation, explaining that the map of the opening of the new factories included in the project to develop the spinning and weaving industry will start from the “Ghazal 4” factory in Mahalla al-Kubra at the end of next June, and then the rest of the openings will follow.

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Business Sector Minister on a field tour of Kafr El Dawar factories

Dr. Esmat directed to expedite the completion of the marketing plan, and the need for the sales policy to depend on cooperation with industry partners from the private sector and to provide them with the company’s products and provide them with the opportunity to exploit the additional capacities, especially in the equipment and dyeing factories, and others, pointing to the need for integration to achieve the goal of this. Huge investments, increasing exports, reducing imports, and providing industry requirements for private companies.

Esmat inspected the construction work and the new factories, in the presence of Dr. Ahmed Mostafa, Executive Managing Director of the Holding Company for Cotton, Spinning and Weaving and the leaders of the holding company, and Eng. project contractors and consultants.

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