Cairo Cotton Group looks for foreign partner in new production line

Cairo Cotton Group is in negotiations with a foreign firm to partner in its new EGP 400 mn denim production line, the head of their subsidiary T&C Garments, Magdy Tolba, tells Al Borsa. The company wishes to carry 33.5% of the line’s cost, with the partner covering 66.5%. It aims to start production before the end of next year.