Egypt is set to start in 2023 the experimental operation of a new spinning factory, described by the government as the world’s largest factory, located in the Nile Delta\u2019s El-Mahalla city, according to a statement by the Ministry of Public Business Sector.<\/p>\n
The factory, owned by the public Masr Spinning and Weaving Company, is dubbed Ghazl 1 Factory and is being constructed over an area of 64,000 square metres.<\/p>\n
The factory has around 185,000 spinning mills and a planned daily production capacity of 30 tons of fine-spun yarn and 25 tons of thick spun yarn, a statement by the ministry said after Minister Mahmoud Essmat went on an inspection tour at the site on Sunday.<\/p>\n
In July 2020, Egypt’s Cotton, Spinning, Weaving and Clothing Holding signed a contract to establish the new factory for a total cost of EGP 780 (approximately $ 40 million), according to media reports.<\/p>\n
The factory was planned to be inaugurated in March 2022, but the repercussions of COVID-19 and spillovers from the war in Ukraine delayed the opening.<\/p>\n
The construction works and trial operation\u00a0are scheduled to be completed in 2023, according to Sunday’s statement.\u00a0Construction work at Ghazl-1 Factory is 80 percent complete, the Egyptian state news agency\u00a0MENA reported on Saturday.<\/p>\n
The new factory is part of a broader plan already set into motion by the Egyptian government to upgrade the public sector spinning and weaving industry at a total cost of\u00a0EGP 25 billion.<\/p>\n
The plan, under which 23 state-owned textile companies have already been merged into eight, includes developing the infrastructure of the companies concerned and obtaining advanced new machines.<\/p>\n
It also includes developing Masr Spinning and Weaving Company by establishing six new factories, upgrading two existing ones (Ghazl 4 Factory and Ghazl 6 Factory), developing a training centre, and automating work systems, production, sales, quality, maintenance, human resources and store sectors.<\/p>\n
The plan targets growing the company’s total production four-fold, with plans to export around 75 percent of the new production to foreign markets.<\/p>\n
The minister also inspected the 24,000-square-metre Ghazl 4 Factory, which is being rehabilitated as part of the overhaul plan and includes nearly 71,000 spinning mills with a daily production capacity of 13.5 tons of yarn.<\/p>\n
The facility is due to start operation in early 2023, the ministry’s statement added.<\/p>\n
Minister Essmat also inspected Ghazl 2 Factory and Ghazl 6 Factory, which have a daily production capacity of 20 tons and 16 tons of yarn respectively.<\/p>\n
Today’s tour was the first by the newly appointed minister of a company affiliated with his ministry.<\/p>\n
During his tour, the minister said the project is part of a plan to upgrade public spinning and weaving companies, with a view to regaining Egypt’s leadership in this industry and maximising the value of Egyptian cotton, as well as increasing exports and employment opportunities.<\/p>\n
The project is not meant at to compete with the private sector, but rather promotes cooperation and integration and provides the raw material needed for operation at a high quality and competitive prices in a way that serves the national industry.<\/p>\n
Egypt\u2019s textile manufacturing industry is the second-largest in the country. Due to the COVID-19 pandemic, Egypt\u2019s textile exports shrank by 14 percent in 2020 to $2.8 billion, down from $3.7 billion in 2019, according to the\u00a0Textile Exports Council.<\/p>\n","protected":false},"excerpt":{"rendered":"
Egypt is set to start in 2023 the experimental operation of a new spinning factory, described by the government as the world’s largest factory, located in the Nile Delta\u2019s El-Mahalla city, according to a statement by the Ministry of Public Business Sector. <\/p>\n","protected":false},"author":2,"featured_media":323821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[],"class_list":["post-326078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news"],"yoast_head":"\n