The Plan to Develop 25 Companies Spinning And Weaving

The Holding Company for Cotton, Spinning, Weaving and Clothes owns 25 spinning and weaving companies and seven cotton and cotton trading companies. The company is close to completing the largest development, modernization and structuring in the history of the sector at a cost of 25 billion pounds.

1. In January 2016, the company development contract was signed with the US consulting firm Warner.

2. The contract was signed by Dr. Ahmed Mostafa, President of Cotton, Spinning and Weaving, with Constantine Robinson, President of Warner, for a period of 10 months.

3. The contract has been extended and the terms of reference of the Advisory Office have been extended to date.

4 – The cost of developing companies increased from LE 4 billion to LE 25 billion.
5 – Warner experts agreed to move entire companies from their places and build new factories in the form of complexes.

6 – The modernization of the processors was settled by an Indian company and will be built 11 new shops.

7. Holding and its subsidiaries owns 3.6 million square meters of land, 43 billion pounds, which will be used to fund the development plan, which cost about 1.1 billion dollars.

8 – The first step to develop was after the final agreement on the supply of machines for factories worth 10 billion pounds.

9 – It was agreed to establish three complexes in Mahalla, Halwan and Kafr Al-Dawar and merge companies.

10. A broad training of workers will be conducted with the opening of the early retirement threshold to reduce expenditures.

Reviewer overview

The Plan to Develop 25 Companies Spinning And Weaving - /10

Summary

The Holding Company for Cotton, Spinning, Weaving and Clothes owns 25 spinning and weaving companies and seven cotton and cotton trading companies. The company is close to completing the largest development, modernization and structuring in the history of the sector at a cost of 25 billion pounds.

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