Egypt Has More Than Two Kilograms Of Yarn Per Kilogram.

< p > Egypt, the price per kilogram of yarn has more than two times, the rise of raw materials has led to Egypt's "a target=" _blank "href=" http://www.91se91.com/ "textile" /a "industry is experiencing" a very critical situation ". At present, many textile factories in Egypt have ceased to operate, and many factories have gradually cut labor force. In order to better support the development of domestic textile industry and small and micro enterprises and handicraft industry, the upper house of Parliament of Egypt has sought help from Switzerland to better support the development of its textile industry and small and micro enterprises and handicrafts, while promoting the construction of national infrastructure.

< /p >

< p > Egypt has more than two times the price per kilogram of yarn.

Mohamedel-Morshedi, President of the Federation of textile industries of the Federation of Egyptian industries, said: Egypt's decades old textile industry is experiencing "a very critical situation". Last September, the same yarn crisis hit Egypt's domestic textile industry, causing some production enterprises to withdraw from the market, because yarn prices at home and abroad reached a record high.

According to him, cotton prices have reached the highest level since the American Civil War (1861-1865), when cotton prices rose from 10 cents / pound in 1860 to 1.90 dollars / pounds in 1863-1864 years.

< /p >

About 51% of the textile factories in the Al-Mahallael-Kobra Delta city stop operation, and the rest of the factories gradually reduce labor force (P).

In Egypt's textile capital Al-Mahalla, 650 thousand workers in Egypt's textile industry are facing unemployment. After the January 25th revolution, Egypt needs to make great efforts to drive the wheels of the economy.

Woven, textile, cotton and < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > Mohssenel-Gilani, chairman of holding company.

"The government will inject funds into the troubled state-owned enterprises.

However, it does not intend to inject funds into private enterprises, and holding companies hope that the government will take relief measures to solve the difficulties with fair yarn prices.

< /p >

< p > according to the central agency's public mobilization and Statistics (CAPMAS) report, Egyptian cotton exports amounted to 2 million 200 thousand in the fiscal year 2010/11.

Domestic manufacturing enterprises consume 4 million metric tons a year to maintain production lines.

It is equivalent to 150 kilograms of cotton per kilogram, or 45 kilograms of cotton ginning.

< /p >

< p > the international cotton advisory board (ICAC) reported that global cotton prices actually dropped in April, and the CotlookA index dropped to 1.73 cents / pound from last month's record of 2.44 US dollars / pounds.

But prices remain at a very high level in history.

But the London based organization predicts that yarn demand will be reduced due to high cotton prices and chemical fiber competition.

The Egyptian factory was hit by a severe crisis of raw material shortage.

There is no yarn and cotton in the market.

Private factories have also been closed in time.

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

< /p >

< p > according to Ethiopian reports, the upper house of the Egyptian parliament has sought funding from Switzerland to better support the development of its textile industry and small and micro enterprises and handicrafts, while promoting the construction of national infrastructure.

The Egyptian Joint Commission, composed of representatives from the upper house's finance and public administration, said the demand was based on an agreement signed between the two countries, which includes strengthening cooperation in finance, logistics and human resources.

The Egyptian Joint Commission also called for greater support for its comprehensive projects, including financial support for the basic input of the textile industry and increased support for infrastructure projects to meet the needs of the Egyptian provinces for the development of the industry.

< /p >