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Spinning and Weaving Firm Aims for 18.3B Revenue
The article discussed the approval of the estimated budget for the Holding Company for Cotton, Spinning, Weaving, and Garments for the fiscal year 2026/2027, which aims to achieve revenues of 18.3 billion Egyptian pounds, representing an increase of approximately 190% compared to the previous fiscal year. It also reviewed the developments of the cotton and textile industry development project, which includes seven companies across different governorates, focusing on the current and future stages of implementation. The project aims to modernize factories, increase productivity, improve quality, and enhance competitiveness, with the goal of establishing an integrated industry based on exploiting Egyptian cotton and modern technology, as well as increasing exports to new markets.
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