Arab Cotton Ginning upgrades spinning machines for its units with EGP30M

Arab Cotton Ginning Co. (ACGC) clarified in a statement sent to Egyptian Stock Exchange (EGX), the news that was posted titling "Arab Cotton Ginning to inject EGP 30 million to purchase loom by the end of 2020".

Egytex News Desk Source: arabfinance.com

The company announced that it has been upgrading the spinning machines for one of its subsidiaries with EGP 30 million according to the expansion plan for the next two years.

Source: arabfinance.com

From the Egytex news archive, first published on 18 April 2019. Figures and names are as reported at the time.