Textiles News
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Enormous new Turkish investments enter Egypt’s ready-made garment sector
10 Turkish investors in the spinning, weaving and clothing sector opted to enter the Egyptian market due to its strong capabilities.
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Egyptian Cabinet sets fixed cotton prices for the 2024/2025 season
Under the new pricing scheme, a medium-staple quintal of cotton in Upper Egypt will be set at LE 10,000.
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Egyptian ready-made clothing exports reach $2.4B in 2023
The president of RMGEC mentioned that the Council's delegation consisted of 16 companies, all of which actively engaged in the event.
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Egypt’s leather exports rise 25% YoY in 2023
Chairman of the General Organization for Export and Import Control Essam Al-Naggar told Al Arabiya Business.
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Egypt's Women Clothing Exports Reach USD 2.2 Billion in 2023
The sector’s exports to the European Union, the second largest market for Egyptian ready-made garments, rose by 6%.
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Egypt to launch world’s largest textiles factory in February
The Cotton and Textile Industries Holding Co, affiliated to the public business sector ministry, is finally getting ready to operate the factory.
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Egypt’s women’s clothing exports reach $2.2bn in 11M 2023
Spain was the top European importer of clothing, with a value of $116m in the first 11 months of 2023, compared to $87m in the same period of 2022.
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Egyptian private equity firm Ezdehar Management acquires 80%+ stake in apparel company behind Dalydress and Premoda
Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
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Turkish textile firm to invest USD 500 mn in new Egypt factory
The company will establish the factory through its local subsidiary KCG Textile Egypt.
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Egypt: Arab Cotton Ginning’s consolidated profits soar 120.8% YoY in FY2022/23
The company’s revenues climbed to EGP 3.366 billion last FY, up from EGP 2.075 billion in the prior year.
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Egypt: Oriental Weavers posts over $44mln consolidated profits in 9M-23
Total assets hit EGP 22.45 billion in 9M-23, versus EGP 19.17 billion as of 31 December 2022.
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Egyptian Textile Brand Naseej Fabrics Unveils Keffiyeh-Inspired Cushions in Solidarity with Gaza
For many non-Palestinian Arabs, the Keffiyeh holds significant cultural value as an early symbol of Palestinian identity.
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Oriental Weavers unveiled its spectacular 2024 collection at exclusive Pre-Look Event
Based in Cairo, the Group has manufacturing facilities in the United States and Egypt and distributes its products in more than 130 countries.
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Italian footwear company Cofra to build €10 mln factory in Egypt
The Italian safety footwear company Cofra plans to build a factory in Egypt with an investment of 10 million euros, Minister of Trade said.
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Heimtextil 2024 set to witness significant growth
World's leading textile fair Heimtextil 2024, taking place from 9th to 12th January in Frankfurt am Main, is set to witness significant growth.
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Ventile sets Egypt on a course to biodynamic farming
Ventile, a sustainable textile manufacturer, partners with the Egyptian Biodynamic Association to promote sustainable agricultural practices.
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China’s Hengsheng Dying Zhejiang to establish $70mln textiles factory in Egypt
To be built on a 200,000-square-meter area, the factory is set to create nearly 1,500 job opportunities.
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Turkish companies to open more textile factories in Egypt
Turkish ready-made clothes and textiles companies are planning to open new factories and stores in Egypt in the coming period.
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FRA reviews compulsory purchase offer submitted to Dice Sport & Casual Wear
Egypt's Financial Regulatory Authority (FRA) is reviewing a compulsory purchase offer for a portion of capital shares of Dice Sport & Casual Wear. The cash price per share set at LE 0.65.
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"Our Heritage" Handicrafts Exhibition to Kick off on Oct.8
The participants will display various traditional handicrafts that characterize each of Egypt’s governorates.