Egypt to complete phase II of Fayoum cotton gin at cost of $6.1 mn

Misr Cotton Ginning Company is seeking to complete the second phase of developing Fayoum cotton gin within two months with total cost of 100 million Egyptian pounds ($6.1 million), according to its financial manager Mohamed Zahran.

The Fayoum cotton gin was developed with total investments of 250 million Egyptian pounds, he added

Misr Cotton Ginning Company is a subsidiary of the Holding Company for Cotton, Spinning, Weaving and Garments.

Egyptian cotton is world famous for its high quality and its long fibers that produce a light durable fabric with a soft touch.

He added that the second phase includes the administrative building Biskol balance, Pan and seed umbrellas, seed presses and the fire network.