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Spinning Holding plans to develop 25 affiliates – Chairman

Spinning Holding plans to develop 25 affiliates – Chairman
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By Mahmoud Salaheddin

Cairo-Mubasher: Cotton, Spinning & Textile Industries Holding plans to develop and solve the problems of 25 subsidiaries through a long-term strategy, said chairman Ahmed Moustafa.

"We seek to boost the production capacity of Mahalla Spinning and Weaving, and we have a short-term plan to solve the urgent problems through injecting fresh investments," he said during the general meeting of Egyptian Spinning and Weaving.

Tahani Al-Gebali, vice president of Egypt’s Supreme Constitutional Court, called on the government to enhance the textile industry and reopen the files of privatised companies.   

Translated by Abdul Maguid Aboshahla