Group items tagged

While the Shebeen al-Kom factory is making losses, and Indorama is using this as an excuse to cut back on salaries and incentives, how about the mother company? While the Sheeben factory has reportedly made losses of 69 million Egyptian pounds over the past two years, in August 2008 Indorama commissioned "a brand new state-of-the-art compact yarn spinning plant of 26,000 spindles" in Indonesia, and announced an investment of 4 billion rupees (roughly 400 million Egyptian pounds) in a new manufacturing plant in India. Just a few days ago, it was reported that Indorama is establishing "the world's biggest fertiliser complex within its premises at Eleme, River State [Nigeria] at a cost of $2.5 billion."

Workers from the company have been on strike since April 29, 2009, when the decision to reduce incentive payments was issued.

Kishk criticized what he described as the “inability” of the Ministry of Manpower to exercise real influence over employers.

Privatized in 1997, Nile Cotton has factories in the governorate of Minya and in the Delta.