Engineer Ahmed Badr, CEO of Egypt’s El-Mahalla Spinning and Weaving Company, revealed that the new factories have made a significant leap, especially factories 1 and 4, producing around 45 tons of high-quality yarn daily, sought after worldwide. Revenues last year reached about 1.6 billion EGP, with exports worth 20 million USD to 12 countries including India, Pakistan, Gulf states, Italy, Turkey, Germany, the USA, and Brazil. The government, led by Prime Minister Dr. Mostafa Madbouly and supervised by Minister of Public Business Sector Engineer Mohamed Shimi, strongly supports this sector. By year-end, the giant industrial complex in El-Mahalla will complete all its factories and boilers. The textile factory, the largest in Egypt, will start trial operations with a capacity of 143,000 meters of fabric and 37 tons of yarn daily. The new textile complex spans 38,000 square meters and includes three main factories producing sheets, blankets, and preparatory services with 572 machines.

The finishing factory covers 36,500 square meters and will begin trial operation in December with a daily capacity of 40 tons of yarn and 135,000 meters of fabric using the latest dyeing and finishing technologies. The development project, costing about 56 billion EGP, aims to produce 188,000 tons of yarn, 198 million meters of fabric, 15,000 tons of blankets, and 50 million clothing pieces annually, increasing exports by 2.5 billion USD. Dr. Ahmed Shaker, Executive Managing Director of the Holding Company for Cotton, Spinning, Weaving, and Clothing, highlighted the positive indicators including a projected revenue exceeding 19 billion EGP, a 450% growth, and a net profit of 9 million EGP after decades of losses. The company has also opened new markets in the US, Switzerland, Turkey, Pakistan, India, Greece, and Saudi Arabia.