KCG Textiles pours $75m to expand Egypt investments

KCG Textiles has expanded its operations in 10th of Ramadan City, bringing total investments to $75 million and generating $65 million in annual exports, while providing 1,600 job opportunities. The expansion project was launched on Sunday in the presence of Minister of Investment and Foreign Trade Hassan El-Khatib.

According to the Ministry of Investment’s statement, the new phase includes a yarn twisting plant and adds 15,000 square metres to the company’s existing facility, featuring five new production lines for polyester yarn, weaving, dyeing, and embroidery.

During the launch ceremony, El-Khatib said the expansion reflects Egypt’s capacity to attract high-value, export-oriented manufacturing investments and aligns with the state’s broader strategy to support committed investors and boost export potential. He added that KCG’s upcoming POY (Partially Oriented Yarn) production line will further enhance Egypt’s industrial competitiveness.

Notably, KCG has operated in Egypt since 2007 under the private free zone system. The company produces ready-made curtains and home furnishings from the spinning stage, with 100 per cent of its output exported to Europe, the United States, and China. El-Khatib praised the firm as a successful example of Egyptian-Turkish industrial cooperation.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama