{"id":546200,"date":"2022-05-08T04:00:09","date_gmt":"2022-05-08T04:00:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/"},"modified":"2022-05-08T04:00:09","modified_gmt":"2022-05-08T04:00:09","slug":"worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/","title":{"rendered":"World\u2019s largest spinning mill to begin operations next year -Tawfik"},"content":{"rendered":"<p><strong>A new spinning mill in El Mahalla that is set to be the largest in the world will <\/strong><strong>begin operations next year<\/strong>, Public Enterprises Minister Hisham Tawfik told <a href=\"https:\/\/bit.ly\/3vTQi8o\">Dostor<\/a>. The state has already launched the distributing company that will sell its products, NIT, which is currently in talks with retailers and shopping malls on opening branches to sell its wares. The spinning mill, which comes as part of the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f42cd0c-bac4-4b81-b379-d3327c964f36\">EGP 21 bn plan to overhaul the spinning and weaving industry<\/a>, was originally slated to begin trial operations in April of this year.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Egypt Kuwait Holding subsidiary <strong>Kahraba<\/strong> has awarded Finnish company <strong>Wartsila <\/strong>a contract to <strong>deliver equipment that will add 20 MW <\/strong>of capacity to the 40 MW<strong> Borg El Arab power plant<\/strong> and upgrade its control system. (<a href=\"https:\/\/www.wartsila.com\/png\/news\/25-04-2022-wartsila-to-supply-added-generating-capacity-and-existing-plant-upgrade-for-repeated-egyptian-customer-3090111\">Statement<\/a>)<\/li>\n<\/ul>\n<ul>\n<li><strong>An Egyptian archaeological mission has <\/strong><strong>unearthed 85 tombs<\/strong> <strong>in southern <\/strong><strong>Sohag<\/strong> dating from the Old Kingdom of Egypt to the Ptolemaic dynasty. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02mbFiBXyYKoorucSPowwkAGJmJAANycjA46dF6cP2Jgf7j6UMeB9vS9uBBdg2TNA6l\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A new spinning mill in El Mahalla that is set to be the largest in the world will begin operations next year, Public Enterprises Minister Hisham Tawfik told Dostor. The state has already launched the distributing company that will sell its products, NIT, which is currently in talks with retailers and shopping malls on opening [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,1810,72,131,1811,1809],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546200","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-empower-new-energy","tag-enterpriseam","tag-manufacturing","tag-spinning-mill","tag-wartsila","wpautop","entry"],"acf":{"mongo_id":"2f8ef398-509f-4471-9e92-ac7dedb74bbb","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546178],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World\u2019s largest spinning mill to begin operations next year -Tawfik - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World\u2019s largest spinning mill to begin operations next year -Tawfik\" \/>\n<meta property=\"og:description\" content=\"A new spinning mill in El Mahalla that is set to be the largest in the world will begin operations next year, Public Enterprises Minister Hisham Tawfik told Dostor. The state has already launched the distributing company that will sell its products, NIT, which is currently in talks with retailers and shopping malls on opening [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-08T04:00:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World\u2019s largest spinning mill to begin operations next year -Tawfik\",\"datePublished\":\"2022-05-08T04:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Empower New Energy\",\"EnterpriseAM\",\"Manufacturing\",\"spinning mill\",\"Wartsila\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/worlds-largest-spinning-mill-to-begin-operations-next-year-tawfik\/\",\"name\":\"World\u2019s largest spinning mill to begin operations next year -Tawfik - 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Several spinning and weaving factories are set to start production before the end of 2022, according to the minister,\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603133,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/egypt-launches-plan-to-promote-spinning-and-weaving\/","url_meta":{"origin":546200,"position":1},"title":"Egypt launches plan to promote spinning and weaving","author":"enterpriseam admin","date":"16 April 2019","format":false,"excerpt":"Topic #1 on the airwaves last night- Gov\u2019t launches plan to promote spinning and weaving: President Abdel Fattah El Sisi summoned Prime Minister Moustafa Madbouly, Public Enterprise Minister Hisham Tawfik, and other senior officials to discuss a plan to improve efficiency in state-owned spinning and weaving factories (watch, runtime: 1:07).\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561341,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/also-on-our-radar-on-4-april-2021\/","url_meta":{"origin":546200,"position":2},"title":"Also on our Radar on 4 April 2021","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Speed Medical\u2019s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction, after the SPMD board of directors approved fair values of both companies, according to an EGX statement (pdf). The acquisition will be financed through a capital increase, provided it gets\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559361,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/giza-spinning-postpones-ipo-shut-up-about-egyptian-iron-and-steel-already\/","url_meta":{"origin":546200,"position":3},"title":"Giza Spinning postpones IPO + shut up about Egyptian Iron and Steel, already","author":"enterpriseam admin","date":"19 January 2021","format":false,"excerpt":"Giza Spinning is shelving its planned IPO until at least 1Q2022 due to covid-19, but will reassess the timeline again based on market conditions, Managing Director Fadel Marzouk told Al Mal. Even if vaccine rollouts begin soon, the company has opted out of listing during the summer of 2021 as\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560129,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/also-on-our-radar-on-16-february-2021\/","url_meta":{"origin":546200,"position":4},"title":"Also on our radar on 16 February 2021","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"More on the state\u2019s plan to overhaul spinning and weaving: The Public Enterprises Ministry\u2019s bid to streamline state-owned spinning and weaving companies is targeting a significant increase in production, Minister Hisham Tawfik told cabinet in his latest review of the plan. The EGP 21 bn plan could see the yearly\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559490,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/plan-to-overhaul-state-owned-enterprises-hits-the-house\/","url_meta":{"origin":546200,"position":5},"title":"Plan to overhaul state-owned enterprises hits the House","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Tawfik outlines SOE overhaul plan for parliament: The Public Enterprises Ministry is looking to streamline state-owned spinning and weaving companies by merging nine companies into one mega-entity with seven ginning facilities under its purview, Minister Hisham Tawfik said in his address to the House of Representatives last week, according to\u2026","rel":"","context":"In &quot;PUBLIC SECTOR&quot;","block_context":{"text":"PUBLIC SECTOR","link":"https:\/\/enterpriseam.com\/egypt\/category\/public-sector\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/286.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546200"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546200\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546178"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546200"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546200"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}