Definition of the company:
Holding Company for Cotton, Spinning
and Weaving and garment is one of the companies affiliated
to the Ministry of Investment (Ministry of the business
earlier), has been replaced by the public sector for
spinning and weaving under the Companies Act, the Public
Enterprise Sector No. 203 of 1991 and its implementing
regulations.
The company's headquarters:
8 Street Tahir - Abdeen - Cairo
The company's headquarters sub:
40 - Safia Zaghloul St. – mohatet
elraml - Alexandria
Duration of the company:
Twenty-five years is the duration of
the company commencing from the date of the law No. 203 of
1991 and may be the decision of the Extraordinary General
Assembly of the Holding Company lengthened or shortened.
Purpose of the company:
Holding that the company overseeing
the management of investment funds through its subsidiaries
.. Also have appropriate that the investment itself, and the
company in order to achieve its objectives the following
acts:
* The establishment of subsidiaries and other
companies to contribute and this alone or in conjunction
with other holding companies, legal persons or public or
private individuals.
* Buy shares of joint stock companies
or sold or contribute to the capital.
* Configure and manage a portfolio of securities guaranteed
by the Holding Company, including instruments such as
stocks, bonds and financing and any tools or other financial
assets.
* To undertake all actions which
would help in achieving all or some of its purposes.
Affiliates:
The 32 company-owned Holding Company
for Cotton, Yarn, textile and garment full ownership.
Working with these companies the number of 67 582 workers,
where the average annual wage of the worker 16 316 pounds a
year.
First: The Cotton companies
(9 companies)
* Working in the field of trade and
ginning and pressing and export of cotton.
Second: the spinning and weaving (23 companies)
*, Two of which parked on the
activity and the two giants of Port Said Spinning and
Weaving and eastern linen and cotton.
* One company working in the field of
Spinning Equipment, Inc., Egypt for the manufacture of
equipment for spinning and weaving.
* Twenty-company working in the field of
industry and trade of cotton spinning and weaving and mystic
Makhlutadtha, dyeing, processing and manufacturing of cotton
and blended yarn and polyester fiber
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