Egypt to open the largest spinning, weaving factory in few days: Akhbar Al-Youm

CAIRO - 19 January 2023: Egypt is preparing to open the largest spinning and weaving factory in the world in a few days, with investments of more than LE 23 billion, Akhbar Al-Youm reported on Thursday.

In July 2020, the Holding Company for Cotton, Spinning, Weaving and Garments signed a contract to establish the world's largest spinning factory at Misr Spinning and Weaving Company in El-Mahalla El-Kubra.

According to the statement, the factory is built on an area of about 62,500 square meters, and accommodates more than 182,000 spinners, with an average production capacity of 30 tons / day.

The construction work of the factory took about 14 months, at an estimated cost of about LE 780 million.

The development plan is based on increasing specialization and reducing the frequency of the same activities in more than one company, by merging 23 spinning, weaving, dyeing and processing companies into nine companies, and merging nine companies for cotton ginning and trade into one company dedicated to this activity.