Arab & Polvara Spinning & Weaving

Manufacture and export of cotton yarns and colored polyester sewing threads, the manufacture of cotton and blended fabrics, and production of silk fabrics. Focus on updating facilities in Alexandria, which manufacture 55 tons per day. APSW does not intend to sell any land plots over the current period due to the recession in the real estate market. This decision followed the company.s previous announcement of its intentions to reoffer its Alseyouf land plot for sale in a public auction, in an effort to raise liquidity in the coming period to complete its restructuring plan.
Financial Performance:
APSW] posted revenue of EGP246 M in 2010 vs. EGP 199 M in 2009. However, in the aftermath of the January 25th Revolution, APSW suffered EGP4.68M of revenue losses during 1Q11 as a result of a 10-day production suspension due to national unrest.