Egyptian media reported on the 10th local time that Egypt’s Minister of Public Utilities Sisham Tawfik revealed that Egypt will start building the world’s largest spinning factory in Mahalla, the largest city in the Western Province, with a total planned investment of more than 21 billion Egyptian dollars. pounds (approximately 9.2 billion yuan).
Tawfik said in a telephone interview with Egypt’s DMC TV station on Friday night that the textile industry under the Egyptian Ministry of Public Utilities The yarn and weaving company is planning to set up a cotton spinning holding company to build the world’s largest textile factory in the city of Mahara.
Currently, the company establishment contract has been signed. The factory has a construction area of 62,500 square meters and can produce an average of 30 tons of yarn per day. The factory construction period is about 14 months and the construction cost is about 780 million Egyptian pounds.
The planned total investment exceeds EGP 21 billion, which includes comprehensive plant and machinery equipment as well as management, marketing and training systems develop.
The project plans to integrate 23 Egyptian spinning, weaving, printing and dyeing and processing companies into 9 companies. Triple current production capacity. The company’s integration and merger work is expected to be completed by the summer of 2021. </p
