IND.TEXTILES REHAB.

closed

The proposed project consists of the following: (1) the KED subproject would add about 78,000 spindles and 900 looms which would help to increase the company's manufacturing capacity of fine cotton and polyester cotton fabrics by 16.5 and 10.1 million linear meters respectively; (2) the EB subproject would expand the company's converting capacity by 43 million meters of fabric and 1,550 tons of yarn and, in addition, replace obsolete equipment for converting 30 million meters of fabric and 500 tons of yarn, and also includes expansion of the caustic soda recovery and fabric coating operations; (3) provision of technical assistance and training to KED's and EB's personnel; (4) provision of training abroad of technicians and supervisors from the Egyptian textile sector; (5) provision of technical assistance for the preparation of a follow-up textile project; and (6) establishment of policies, an action program and institutional measures designed to revitalize exports to convertible currency areas.