Goldentex TIMES The Finest cloth from Egypt. The vertical integration of worsted wool making, allow us to match our customers aspiration and surprise them with our innovation. Highlights Goldentex news Egypt News Special economic review. International Industry 2017 Spring -Summer Collection. Goldentex financial results 2015 Year 2015 is finished. It was an interesting year for Goldentex group in terms of both financial performance and organizational changes. Up to November 2015, the group achieved dramatic increase in both turnover and profitability. Sales increased by 45% while EBT increased by 414% when compared to same period 2014. Year audited results will be released on February 20, 2016 By CFO Ayman Alfy International Technical Advances ITMA 2015 Facts ITMA has been the world s most established textile and garment machinery exhibition since 1951. Over the years, it has been a catalyst for change and competitiveness for the industry. The drive towards sustainability in the entire textile and garment value chain is increasingly integrated with enlightened business practices, and innovative technology holds the key to environmental sustainability. ITMA 2015 has continued to be the global marketplace and one-stop sourcing platform for: Emerging trends and innovation solutions Acquiring new knowledge and best practices Establishing strategic relationships with industry leaders Goldentex Delegation management team headed by the Company Chief Executive Officer attended the Exhibition and reviewed the latest state of the art technology in textile machinery of Dying, Spinning, Weaving and Finishing exhibition halls to negotiate and agree to source the latest innovative machinery that will catalyze the company towards its strong presence in the global export market and will enhance its growth. The Delegation has concluded an agreements to purchase the latest Saurer Schlafhorst Winding Machine X6 and discussing other opportunities to modernize the Spinning preparation facility with NSC Schlumberger. In addition the Delegation has discussed the latest Evenness Tester integrated Device in order to insure its perfect yarns quality in accordance to the world wide standards In addition the company delegation has attended the presentation for the Beilla Shrunk KD Jubilee which is considered the first self-pressing KD Machine that improves dramatically the fabric handle and prevents fold formation while spreading the cloth and increasing its brightness at the same time By GM Manufacturing Sherif Hamed
Goldentex TIMES 2017 Goldentex Spring - Summer Collection SPRING and SUMMER COLLECTION 2017. Fashion and Trend Overview. Spring and Summer 2017. Colors for Spring 2017 are characterized by the fresh, pastel tones of spring. Secondary colors mixed harmoniously to create interesting yet commercial hues of violet, titanium, lichen, and lagoon, complimented by warm shades of burgundy, chocolate, and Forrest. Designs for Spring 2017 range from plains in beautiful colors, to semi plains, micro designs, windowpanes and varying sizes of guard checks. Micro designs and textures are especially important. Textures like honeycomb, birds eye, barleycorn are vital in creating the trends. Tone and texture are the key messages for Spring 2017. Compositions and Blends for Spring 2017 are predominantly natural fibres such as cotton, linen, silk, cashmere, camel hair and merino wool, all of which feature strongly within the GoldenTex collection. Merino wool is also blended with polyester and viscose to create GoldenTex performance cloths1- Australian Superfine Wool Growers Annual- Luxury: The characteristics of this group, as it containing the highest luxurious fabrics, containing 100% high grade of wool (Super 160`S) in addition to Noble fibers like Cashmere, silk and mohair, light weight fabrics made from yarn NM 100/2 and NM 56 /1, weights ranging from 190 to 250 grams per linear meter. This line represents about 13% from the 2017 collection. 2- Wool Mark Classic: This brand contains all 100% pure new wool fabrics, in different grades of wool, in classic colors and designs, such as plain weave, twills, micro Designs, birds-eye, subtle stripes, checks and the classic colors of black, navy and gray, in addition to some colors and designs that are in line with fashion. The fabrics are super 120`s weights starting from 220 up to 280 grams. This line represent about 14% of the collection. 3- Merino 2020 - Performance: The characteristics of this brand is high-performance fabrics, which gives comfort and durability in use, fabrics processed to resist wetness Nano pell, Teflon, Washable wool fabrics, traveler suite fabrics (crepe fabric), and Natural stretch fabrics in addition to the stretch fabrics (lycra) and containing designs of crepe and plain weave, and gabardine. This line represents about 14% of the collection. 4- MERINO extra - Value: This brand contains fabrics with the wool percentage less than 50% and thus with competitive prices. The focus is on fabrics strength, durability and ability for the hard use. This brand contains range of structures, micro designs, checks, crepe weave, and some fashionable colors. This line represents about 14% of the collection. 5- Goldentex Innovation: This brand is built on innovations of Goldentex designers. It contains the blended wool polyester fabrics at more than 50% (wool rich) and containing some new colors and designs that are in line with the
trend fashion such as 3D designs and checks, in addition to some fashion color like burgundy, green, and shades of blue. This line represents about 18% of the collection. 6- Antony & Cleopatra- Heritage: The grand characteristic of this group is the fantastic blends of 100% natural materials mixing wool with Egyptian cotton and linen, as well as camel hair. The application in jackets, and trousers are exceptionally attractive. This line represents about 11% of the collection. 7- Sport Jackets- Casual: Golden Tex collection of sport jackets is fashionable, casual and elegant. Comprising of Merino Wool and wool blends, in fashionable colors and designs for jackets wear. This line represents about 11% of the collection. 8- Eve- collection: This collection contains special fabric for ladies with bright and bold colors and designs even in line with the fashion trend in addition to classic fabrics for formal ladies wear. This line represent about 4% of the collection. Article by Eng. Mohammed Halawa Goldentex Marketing and Sales Team revolutionized Thoughts and ambitions for 2016-2017 have me occupied 20 hours a day said Mr. Moneam, Goldentex Commercial Director. He continues European and American markets are becoming more accessible and organized with our new team and strategy, distributors company staff, and business partners will be covering areas never accessed before. Goldentex European team Maria Rodrigues and Malcolm Campbell continue to dedicate themselves to Goldentex customer needs and expectations. Malcolm Campbell Goldentex Export Business Development Manager Mobile: +44 7707066349 campbell.malcolm@yahoo.com & malcolm@theclothofkings.com Maria Rodrigues Goldentex Export Business Development Manager Tel: +351 253 167319 Mobile: + 351 916 400298 Email: maria.rodrigues@goldentex.com.eg
Egypt news Economic World Bank reveals details on Egypt's $3 bn loan The World Bank revealed Saturday details of the US$3 billion loan to the Egyptian government which entail reducing the government s wages bill, energy subsidies, while raising tax revenue and electricity prices. The World Bank agreed last December to grant Egypt the loan to be disbursed over three annual loans worth $1 billion each in the next three years, to support the Egyptian state's general budget and improve Egypt s financial situation. Egypt Year in Review 2015 The year 2015 brought welcome stabilization and recovery to Egypt, after a difficult post-revolution period marked by continued upheaval and sluggish growth. The first part of the year saw a range of encouraging developments, including the completion of the strategically vital Suez Canal expansion, the commitment of more than $35bn in planned foreign investments, closer economic ties with Gulf allies and promising activity in the fast-moving consumer goods (FMCG) sector. The Egyptian economy is expected to continue growing at a steady pace in the coming months, with key sectors, such as manufacturing and ICT, looking particularly promising. Egypt central bank keeps main interest rates unchanged Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement. The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 percent and the overnight lending rate at 10.25 percent. Mr. Tarek Amer CBE CEO photo below. Russian, Egyptian officials sign agreements to strengthen economic cooperation CAIRO, Feb. 2 (Aswat Masriya) Egyptian President Abdel Fattah al-sisi met with Russian Minister of Industry and Trade Denis Manturov Monday following the 10 th session of the Russian-Egyptian intergovernmental commission on trade, economic and scientific cooperation. Sisi discussed with Manturov aspects of strengthening economic cooperation between both states through increasing Russian investments in Egypt, establishing joint projects and developing factories established in the 1950s-60s, according to a statement by the Egyptian presidency. The commission, which is co-chaired by the Egyptian Minister of Trade and Industry Tarek Kabil and his counterpart Manturov, signed a memorandum of mutual understanding on establishing a Russian industrial zone in the context of the Suez Canal development project in Egypt.
China, Egypt sign $17 billion in investment deals as Xi tours Mideast Inflation climbs further in November December 10, 2015 By Michael Holtz January 21, 2016 12:45 PM Mr. Xi said the projects, which range from the energy to transportation sectors, aimed to increase Egypt s industrial capacity, reports Reuters. Some have already been launched and others are still under review, he said at a joint news conference with Egyptian President Abdel Fattah al-sisi in Cairo. Xi arrived in Egypt on Wednesday. At a ceremony in Cairo, Chinese and Egyptian officials signed 21 deals that could lead to a major increase in Chinese investment in the most populous Arab country "My visit to Egypt is to cement and deepen the China- Egypt relationship in an all-round way and advance practical cooperation between our two nations for new achievement," Xi said, according to China s official news agency Xinhua. "China and Egypt are true friends and good brothers." "China supports Egypt's efforts to maintain stability, develop the economy and improve livelihoods, and supports Egypt to play an even greater role in international and regional affairs, according to Reuters. By Yahoo. In November, consumer prices fell 0.3% over the previous month, which contrasted the 2.2% increase recorded in October. According to the Central Agency for Public Mobilization and Statistics, the decrease was mainly driven by lower prices for food and non-alcoholic beverages. Inflation climbed to 11.1% in November, up from October s 9.7%. A shortage of foreign currency is driving up the cost of imported goods, including food. Meanwhile, annual average inflation also rose, from 10.1% in October to 10.3% in November. Core inflation, which excludes volatile items such as fresh fruit and vegetables, rose 7.5% over the same month last year, which was higher than the 6.3% increase tallied in October. Focus-Economics Consensus Forecast participants expect inflation to average 9.6% in calendar year 2016, which is unchanged from last month s projection. For calendar year 2017, the panel sees average inflation decreasing to 9.4%. Author: Carl Kelly, Economist