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Egypt: Cotton crisis is the greatest challenge facing the Egyptian Textile Industry
Mohsen Gilani, Chairman of the Holding Company for Spinning and Weaving stated that the Cotton crisis is the greatest challenge facing its affiliates during the year 2011. Moreover, he stated that the cotton crisis will negatively affect the company's financial status.
Egytex News Desk
Source: www.gn4me.com
It is worth mentioning that the affiliated companies aim to acheive 9.3 billion pounds in revenues and reduce the net losses from 827 million pounds during the last fiscal year to 576 million during the current fiscal year.
Source: www.gn4me.com
From the Egytex news archive, first published on 3 January 2011. Figures and names are as reported at the time.
