The Misrayon & Polyester Fiber Firm in Kafr al-Dawar metropolis managed to export the primary cargo of its manufacturing for the primary time in about 12 years earlier than resuming work in January.
The procedures for transport the primary export cargo of 5 containers to Turkey have been accomplished, and different export shipments amounting to 14 containers to Europe and Turkey are being ready throughout April.
The speed of export overseas will improve throughout the subsequent month by 150 p.c, with greenback revenues reaching US$ 1.25 million per thirty days, along with native gross sales offering the non-public sector’s industrial necessities that have been imported from overseas, as gross sales amounted to LE 30 million per thirty days.
The Minister of the Public Enterprise Sector Mahmoud Esmat, confirmed that the second manufacturing line for polyester fiber is scheduled to be operated inside the subsequent two months, bringing the manufacturing capability to 40,000 tons yearly.
He added that work is underway to equip the thread manufacturing unit, the place three out of eight machines have been operated for skinny threads with excessive tensile power.
Esmat stated that the enterprise technique is to maximise the returns on property owned by corporations via good administration, funding, and rising their sources.
Edited translation from Al-Masry Al-Youm
