{"id":599437,"date":"2019-06-27T04:00:16","date_gmt":"2019-06-27T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/"},"modified":"2019-06-27T04:00:16","modified_gmt":"2019-06-27T04:00:16","slug":"cotton-textile-industries-starts-eur-1-bn-modernization-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/","title":{"rendered":"Cotton &#038; Textile Industries starts EUR 1 bn modernization program"},"content":{"rendered":"<p>State-owned Cotton & Textile Industries Holding Co has kicked off a EUR 1 bn government-funded restructuring program under the supervision of US-based Werner International, <a href=\"https:\/\/www.textileworld.com\/textile-world\/2019\/06\/modernization-of-the-textile-industry-of-the-public-sector-of-egypt\/\">Textile World<\/a>reports. The program seeks to modernize Egypt\u2019s textile industry to improve its competitiveness and help it regain its position as a major regional sourcing hub. Program costs will include new spindles, looms, and other equipment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Cotton &#038; Textile Industries Holding Co has kicked off a EUR 1 bn government-funded restructuring program under the supervision of US-based Werner International, Textile Worldreports. The program seeks to modernize Egypt\u2019s textile industry to improve its competitiveness and help it regain its position as a major regional sourcing hub. Program costs will include new [&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":[9309],"tags":[2416,317,72,7196,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599437","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","tag-industry","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"2a16fe6e-b0ff-4879-95a4-36a9b3e1b69f","is_powered_by":true,"section_story_id":"de032deb-4fde-45f6-be81-659fc76372a9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599410],"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>Cotton &amp; Textile Industries starts EUR 1 bn modernization program - 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\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cotton &amp; Textile Industries starts EUR 1 bn modernization program\" \/>\n<meta property=\"og:description\" content=\"State-owned Cotton &amp; Textile Industries Holding Co has kicked off a EUR 1 bn government-funded restructuring program under the supervision of US-based Werner International, Textile Worldreports. The program seeks to modernize Egypt\u2019s textile industry to improve its competitiveness and help it regain its position as a major regional sourcing hub. Program costs will include new [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-27T04:00:16+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/cotton-textile-industries-starts-eur-1-bn-modernization-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cotton &#038; 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The public auction system was trialed in Fayoum and Beni Suef\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572863,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/cotton-and-textile-industries-co-signs-egp-780-mn-agreement-with-misr-spinning-and-weaving-for-cotton-spinning-factory\/","url_meta":{"origin":599437,"position":1},"title":"Cotton and Textile Industries Co. signs EGP 780 mn agreement with Misr Spinning and Weaving for cotton spinning factory","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"State-owned Cotton and Textile Industries Company has signed a EGP 780 mn agreement with Misr Spinning and Weaving Company after being awarded with the tender to develop a cotton spinning factory in Mahalla Al-Kubra, according to a cabinet statement. The factory is expected to manufacture some 30 tonnes of cotton\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574403,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/private-sector-makes-bids-in-government-auction-of-2020-cotton-crop\/","url_meta":{"origin":599437,"position":2},"title":"Private sector makes bids in government auction of 2020 cotton crop","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"The private sector has for the first time in the modern era participated in the state\u2019s cotton crop auction sale on Sunday organized by state-owned Cotton and Textile Industries Holding Company, according to a cabinet statement. Opening bids for the first auction-based pricing scheme for this year\u2019s cotton harvest started\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594935,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/cotton-holding-co-to-spend-usd-30-mn-developing-el-mahalla-and-damanhour-mills\/","url_meta":{"origin":599437,"position":3},"title":"Cotton Holding Co. to spend USD 30 mn developing El Mahalla and Damanhour mills","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"The Cotton & Textile Industries Holding Company will spend USD 30 mn developing its El Mahalla and Damanhour mills starting November, Chairman Ahmed Mostafa said, without disclosing further details. The two mills are expected to be ready for production at the beginning of the cotton harvest season in 2020. The\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574482,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/10\/cotton-textile-industry-holding-co-to-borrow-eur-540-mn-from-swiss-and-italian-banks\/","url_meta":{"origin":599437,"position":4},"title":"Cotton &#038; Textile Industry Holding Co. to borrow EUR 540 mn from Swiss and Italian banks","author":"enterpriseam admin","date":"10 September 2020","format":false,"excerpt":"The Cotton and Textile Industry Holding Company is planning to borrow EUR 540 mn from a consortium of four Swiss and Italian banks that will include Credit Suisse, Public Enterprises Minister Hisham Tawfik said, according to Al Mal. The National Bank of Egypt will arrange the facility. 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