Egypt'S Textile Industry Is Tied Up By Material Crisis

< p > because of the shortage of raw materials and lack of funds, the development of the Egyptian textile industry has long been hamper. In the recently held Egyptian parliament, < a href= "//www.sjfzxm.com/news/index_c.asp" > textile industry < /a > called on the government to introduce policies to better support the development of its textile industry and small and micro enterprises and handicrafts, while promoting the construction of national infrastructure.

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< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201307/10/20130710020745_sj.JPG "/" < < >.

The price of Egyptian yarn has doubled two this year.

The president of the Egyptian Federation of textile industry believes that the Egyptian textile industry, which has decades of history, is going through a very critical period.

In September last year, the same yarn crisis hit the Egyptian textile industry. Due to the record high price of yarn at home and abroad, some Egyptian production companies had withdrawn from the market.

According to him, the price of cotton in Egypt has reached the highest level since the American Civil War (1861~1865), during which cotton prices rose from 10 cents / pound in 1860 to 1.90 dollars / pound in 1863~1864.

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< p > at present, about 51% of the textile factories in Alabama are stopped, and the rest of the factories are gradually reducing their labour force.

In Egypt, 650 thousand textile workers are facing unemployment.

Since the 2011 a href= "//www.sjfzxm.com/" > Egypt < /a > political crisis, Egypt needs great efforts to promote economic development.

Gilani, chairman of woven, spinning, cotton and clothing holding company, said: "the government will inject funds into the troubled state owned enterprises, but do not intend to inject capital into private enterprises.

Private enterprises hope that the government will take some measures to solve the problem of high price of yarn.

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< p > according to the public mobilization and statistics report of the central agency of Egypt, the export of cotton in Egypt amounted to 2 million 200 thousand KT in the 2010/2011 fiscal year (150 per kilogram).

Domestic manufacturing enterprises consume 4 million metric tons a year to maintain the operation of the spinning production line.

The Committee predicts that yarn demand will be reduced due to high cotton prices and chemical fiber competition.

The Egyptian factory has been hit by a severe shortage of raw materials. There are not enough a href= "//www.sjfzxm.com/news/index_f.asp" > yarn < /a > and cotton supply in the market, and some private factories have also been closed.

Insiders call on the government to take immediate measures to save the textile industry.

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