Upgrade plan of spinning, weaving company aims to up production sixfold
Prime Minister Mostafa Madbouli on Monday asserted that the government seeks to develop the Holding Company for Spinning & Weaving in order to increase production rates sixfold to meet needs of the domestic market, the state-run factories and the private sector and to up exports as well.
Speaking at a press conference on the sidelines of his visit to Misr Spinning and Weaving Company in El Mahalla El Kobra city in Gharbia Governorate, in northern Egypt, Madbouli said ongoing efforts are focused on developing the Holding Company for Spinning & Weaving in the city, which is currently undergoing overall development.
He said the state is supporting all companies of Misr Company and seeks to develop them on the ground.
The premier had affirmed earlier the importance of the national strategy for developing the significant spinning and weaving industry.
The government, represented in the Public Business Sector Ministry, plans to develop the spinning and weaving industry as per directives of President Abdel Fattah El Sisi, added Madbouli during his visit to inspect several projects aimed at upgrading a number of spinning and weaving factories and carrying out development and service projects in the city.