Egypt aims to establish new company to market, sell Spinning, Weaving products

Egypt’s Ministry of Public Business Sector intends to establish a new company to market and sell the products of the Holding Company for Spinning and Weaving in the local and international market.

The Minister of Public Business Sector Hisham Tawfik held a meeting on Monday, March 29, with the Board of Directors of the Holding Company for Cotton, Spinning, Weaving and Garments and the managing members of its subsidiaries, as part of the periodic follow-up of the implementation of the reform and development plan in the subsidiaries.

The meeting dealt with reviewing the tasks and procedures for establishing a new company to market and sell the products of the subsidiaries of the Holding Company for Spinning and Weaving locally and internationally, and to open sales outlets for them at home and abroad, which will be wholly owned by the holding company.