Egypt establishes cottonseed oil mill

Hisham Tawfiq, Minister of Public Business Sector, witnessed the signing of a joint cooperation agreement between the Holding Company for Cotton and Spinning and Weaving of the Ministry of Public Business Sector, and the United Company for the Manufacture of Oils and Bottles, to establish a joint company in the field of squeezing and extracting oils from cotton seeds in the ginning industry. On cooperation with the private sector in the field of squeezing and extracting oils from cotton seeds, and in line with the requirements of the Ministry of Agriculture that the resulting seeds should be squeezed inside the gins. The agreement was signed by Dr. Ahmed Mustafa, Chairman of the Holding Company for Cotton and Spinning and Weaving, and Eng. Zakaria Al Shafei, Chairman of the Board of Directors of the United Company for the Manufacture of Oils. In accordance with the agreement, the new company leases plots of land within the seven new ginns belonging to the public business sector, ...