Construction work there is four-fifths complete, an official news agency reported.
With around 185,000 spinning mills, the factory will have a planned daily production capacity of 30 tonnes of fine-spun yarn and 25 tonnes of thick-spun yarn, Egyptian media reported citing a statement from the ministry after minister handling the portfolio Mahmoud Essmat toured the site recently.
The country’s Cotton, Spinning, Weaving and Clothing Holding signed a contract in July 2020 to set up the factory at a cost of $40 million.
The factory’scheduled inauguration planned in March this year was postponed due to the impact of COVID-19 and spillovers from the war in Ukraine.
The factory is part of a broader government plan to upgrade the public-sector spinning and weaving industry at a cost of EGP 25 billion.
Twenty three state-owned textile companies have already been merged into eight, as per the plan, which includes developing Masr Spinning and Weaving Company by establishing six new factories, upgrading two existing ones (Ghazl 4 Factory and Ghazl 6 Factory), developing a training centre and automating work systems, production, sales, quality, maintenance, human resources and store sectors.
The aim is to grow the company's total production four-fold, with plans to export around 75 per cent of production.
The minister inspected the 24,000-sq-m Ghazl 4 Factory, which is being rehabilitated as part of the overhaul plan and includes nearly 71,000 spinning mills with a daily production capacity of 13.5 tonnes of yarn.
He also inspected Ghazl 2 Factory and Ghazl 6 Factory, which have a daily production capacity of 20 tonnes and 16 tonnes of yarn respectively.
Fibre2Fashion News Desk (DS)