leather
Head of the Leather Export Council of Egypt Mahmod Serg said in a statement on Thursday that the sector's exports witnessed some 40.3 percent increase in February to reach $6.5 million, against $4.6 million for the same month in 2021.
A cooperation protocol is being prepared to be signed between the AICS and the technological centers at the Egyptian Trade and Industry Ministry to help transfer the developed Italian expertise and industrial technologies to Egypt.
The decline in exports was also a result of the decline in the quality of leather in Egypt due to the lack of sponsorship of livestock in Egypt, which caused a negative impact on exports despite the rise in production in rubiky.
Titled "SwitchMed", the EU initiative aims at making leather industry in Egypt more resource efficient, profitable and clean.
A wrap-up of the most prominent business news of the day.
The government announced on Sunday that the first phase of Al-Robeky city for leather tanneries is complete, with a big number of entities starting production.
A wrap-up of the most prominent business news of the day
The city has now 25 operating factories that cover all activities of leather tannery, with another 25 new factories to be added to production soon.
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Gucci will stop producing fur products starting with their Spring 2018 collection. They will join the Fur Free Alliance, an organization that aims to end the fur trade.
The second phase is spread over 85,000 square meters, representing 30 percent of the project’s area.
During their visit, they inspected some pilot production lines, tannery and some services facilities.
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The visit comes after signing a protocol of cooperation between the leather industry center and the Italian Business Associations Union.
Prices of leather products are expected to decline following a recent decision to control product exports.
In efforts to regulate the leather export market, Minister of Industry and Foreign Trade Tarek Kabil issued a new decree Sunday to tighten product examination.
