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Untapped assets of spinning, weaving companies hit LE 40-45 bln
The Egyptian Gazette Published in The Egyptian Gazette on 29 - 09 - 2018

MANSOURA, Egypt, Sept 29, 2018 (MENA) - Egyptian Public Business Sector Minister Hisham Tawfiq said that the ministry-affiliated companies own huge sums of unutilized assets.
During his visit to the Delta Fertilizers and Chemical Industries Company in Dakahlia governorate, the minister noted that the value of untapped assets of the spinning and weaving companies ranges between LE 40 and 45 billion.
Tawfiq said that the ministry's plans of developing the affiliate companies aim at making the best use of their assets and resources to achieve revenues that would contribute to improving the performance of the firms.
Tawfiq asserted that his ministry will not allow any management of loss-making companies to continue in office.

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