Polyester Filament II


Project Summary

Approval Date 29 Oct 1986
Signature Date 11 Mar 1988
Planned Completion Date 30 Jun 1994
Last Disbursement Planned Date 30 Jun 1994
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 9,101,761.75
Status Completion

Project General Description

The present relates to the Polyester Filament Project II. The first polyester filament project was completed in 1985 and had a capacity of 11 tons per day. The present second part is designed to produce polyester filament of lower denier per filament, and to raise the polyester filament production by 11 tons per day, aiming at doubling the capacity of the first phase. The project comprises six (06) components namely: 1) Civil works (plant) and equipment; 2) Spare parts for 2 years; 3) Training and technical assistance; 4) Supervision and start-up; 5) Interest under construction; and 6) Working capital.

Project Objectives

The goals of the project are to save foreign exchange, create employment and enhance the transfer of know-how and new technology that is necessary for the development of the Egyptian textile industry.

Beneficiaries

The direct beneficiary of the projet is Misr Rayon Company. In addition, the project should reach young people through job creation and the other sections of the Egyptian population.

Participating Organization

Funding
African Development Bank
Implementing
Misr Rayon Company

Information

IATI identifier 46002-P-EG-A00-001
Last Update 31 Oct 2019

Export

Contact Details

Geographic Location

Country Egypt