The inauguration ceremony was carried out under the auspices of His
Excellency Minister Rachid Mohamed Rachid, Egypt’s Minister of Foreign
Trade and Industry and His Excellency Minister Claudio Scaiola, Italy’s
Minister of Production Activities. .
The new mill was established with an initial investment of
approximately $12 Million USD and is supposed to be a first of several
new Italian investments in Egypt directed towards the textile and
apparel sector and aiming at utilizing Egyptian Cotton..