Egypt to relaunch cotton marketing company under a new brand

cotton, egypt, company, ministry, restructuring,
Egypt
  • Date: 14-Oct-2021
  • Source: Zawya
  • Sector: Economy
  • Country: Egypt
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Egypt to relaunch cotton marketing company under a new brand

The ministry has completed around 60 percent of the restructuring plan of the Holding Company for Cotton, Spinning and Weaving, and its subsidiaries, which it started in 2019, with a total investment of $1.2 billion. The restructuring plan aims to increase the production capacities of the factories by five times and increase the quantities of yearn from Egyptian cotton. Wael Alma, head of the Egypt Cotton Association, highlighted the improved level of the North African country’s cotton globally, as a result of efforts done by his organisation together with the Ministry of Business Sector. Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. ( ).

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