Egyptian textiles producer MardiniTex to invest EUR 2 mn next year to up output

Textiles manufacturer MardiniTex is planning to invest EUR 2 mn in mid-2020 to increase its production capacity to 300k meters per year, owner Maamoun Mardini told the local press. The company’s investment plan involves upgrading machinery and expanding an existing production facility. MardiniTex earmarks some 75% of its output for exports to European and Asian countries, and is planning to increase this figure to 90%.