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Country-Plan Projects and Tenders |
| 9359 Subject |
100 مليون جنيه رأس مال الشركة الجديدة للغزل والنسيج وإنشاء مصنع بمدينة السادات Egyptian Co. for Spinning & Weaving SAE, capitalized at L.E. 100 million, to start phase one of its project in Sadat City by the end of 2005 |
| Date Published | Tuesday, September 27, 2005 |
| Source Name | Al Alam Al Yom |
| Location Name | Sadat City |
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Description Date Format: (mm/dd/yyyy) |
Egyptian Co. for Spinning & Weaving SAE, capitalized at L.E. 100 million, to start phase one of its project in Sadat City by the end of 2005. The phase would involve with the production of high-grade cotton yarn, 100 % for export to Europe & the US. According to the company CEO, Eng. Wael Olama, project second phase is set for completion by mid 2006 to produce fabrics & expand yarn production, also for export abroad, while the project third phase provides for the production of household fixture. Major shareholders of the company include Eng. Mohamed Marzouk (also Chairman of Giza Spinning & Weaving, Spin Alex & Nile Modern Co. for Cotton Trade), Eng. Ali Eish (head of the Exporters Branch at the Federation of the Chambers of Commerce), Eng. Amin Abaza (also Chairman of the Nile Modern Cotton Co.), Dr. Eng. Hani Olama (also Chairman of the Arab Co. for Cotton Ginning) and Dr. Eng. Mohamed Kamal (also Chairman of Nile Tricotage) |
| Sectors Section | Beneficiary Sectors - Industry Textile |
