In the coming days, the Egyptian government is preparing to open the world’s largest spinning mill Misr Spinning and Weaving Company at El Mahalla El Kubra, which will be fully completed in the second half of 2022.

Today, Monday, Egyptian Prime Minister Mostafa Madbouli undertook an extensive inspection tour of projects in Gharbia Governorate, inspecting the Misr spinning and weaving company in Mahalla Al Kubra, which includes the world’s largest spinning mill, which is scheduled to be built. open this year.

The new mill will use manufacturing technology in collaboration with the Swiss company Ritter, which will be the main partner in the development of state-owned spinning mills in line with Cairo’s comprehensive development plan for public sector companies.

Spinning and weaving has been endemic in the city of Mahalla since its inception in the twenties of the last century, and the first factory was founded by the Egyptian economist Talaat Harb, founder of Banque Misr, in the city of El Mahalla Al. -Kubra in 1927.

The Egyptian government has confirmed that there is a plan for the development of spinning, weaving and dyeing factories, which includes 65 factories and service buildings in all subsidiaries, including the Misr spinning and weaving company and Al-Babda (Al-Babda) dyers, as well as currently, a complex of spinning, weaving and dyeing factories is being built, as well as the implementation of the complex in the Damietta company. El-Kom Spinning and Weaving Company, in addition to completing the construction of a weaving mill and another dye mill at Misr Helwan Spinning and Weaving Company.

The Misr Spinning and Weaving Company Development Project occupies a large part of the project for the development of spinning and weaving enterprises, which are part of the Ministry of Public Business. It includes the creation of five new factories and the restoration of three other factories, namely the creation of a spinning factory 1, as well as the construction of each of the textile factories, textile blanks 1 and 2, in addition to the “dye plant”. “, as well as the creation of a power plant, with the project including the development and improvement of efficiency and the creation of extensions in each of Ghazals 4, Gazals 6 and Details.

Source: RT

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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