How will the government secure the needs of the new spinning and weaving factories? Learn the details

The government is continuing the project to develop spinning and weaving companies at a cost of about 23 billion pounds through the inauguration of new industrial fortresses that will start in the factories of the Misr Spinning and Weaving Company in Mahalla al-Kubra, which is expected to launch next January with international “brands” to keep pace with the great industrial development.

Those factories need raw materials represented in cotton, most of which are short-staple, which prompted the Ministry of Business Sector to implement a plan to provide for those needs. Learn the details.

1- Expanding the cultivation of short cottons east of Owainat on an area of ​​1250 feddans.

2- The Sharq Al Owainat farm will provide about 150,000 quintals of short-staple cotton.

3 – It will be used by national factories to provide part of their needs.

4- Dr. Engineer Mahmoud Esmat, Minister of Public Business Sector witnessed the signing of a memorandum of understanding between the Holding Company for Cotton, Spinning, Weaving and Clothing, and the Sudanese “Mahgoub Awlad Holding” company, for joint cooperation in the production of short-staple cotton in Sudan, and manufacturing in Egypt.

5- The agreement was signed by Wajdi Mahgoub, Chairman of the Board of Directors of “Mahgoub Awlad” Group, and Dr. Ahmed Mustafa, Executive Managing Director of the Holding Company for Cotton, Spinning and Weaving.

6- The memorandum of understanding signed between the two parties comes within the framework of meeting and securing the needs of the affiliated spinning and weaving companies of short-staple cotton – which are imported from abroad – and on which the majority of the spinning and weaving factories depend locally and globally.

7 – Part of the Egyptian market’s needs of Sudanese cotton will be covered, at prices to be agreed upon in each season in accordance with international prices.

8 – Some production lines will be available in some of the holding company’s factories with specific capacities to operate for the Sudanese company for the different production stages.

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