Egypt, UAE partner to launch polyester, felt recycling firms

Egypt’s Misr Artificial Silk and Polyester Fibers Company signed a shareholder agreement with UAE-based Usman International to establish two recycling-based industrial projects worth a combined 1.7 billion Egyptian pounds, the Egyptian Cabinet said on Monday.

The partnership aims to build two new companies that will recycle plastic and fabric waste into polyester fibre and industrial felt, targeting local and global markets with environmentally sustainable products.

The first project, to be built on a 25,000-square-metre site, will use European technology to produce 30,000 tons annually of polyester fibre from recycled plastic. With 80 per cent of output slated for export, projected annual sales are 800 million pounds, the company said.

A second project will recycle fabric waste into industrial felt used in the automotive, aviation, and furniture sectors. The 20,000-square-metre facility will require 600 million pounds in investment and aims to produce 30,000 tons per year, with 52 per cent of output for export and annual sales projected at 230 million pounds.

Both projects will be located in Kafr El-Dawar and are expected to turn the city into a regional hub for recycling and alternative raw material manufacturing, in line with Egypt’s broader goals to grow value-added industries, reduce emissions, and boost exports.

Misr Artificial Silk and Polyester Fibers Company is a subsidiary of Egypt’s Holding Company for Cotton, Spinning, Weaving, and Clothing.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

Subediting: Y.Yasser