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Giza spinning invested in energy efficiency to improve its competitiveness and profitability.
Giza spinning & weaving co. is a leading ready-made garments producer and exporter. The company was established in 1979 as a family business.
The company took the strategic decision to improve its competitiveness through improving the energy performance of its production operations in one its facilities located in Sadat City. The company replaced twenty-two spinning machines with new ones (22), which are more efficient in terms of energy consumption and also have a higher production capacity, compared to the existing machines. The investment helped the company improve energy efficiency, reduce production costs and increase production capacity.
The GEFF team evaluated the efficiency characteristics of the new spinning machines and confirmed that their performance was in line with the best available technologies internationally. In addition to assessing the economic viability of the installation, the GEFF team also provided an assessment of the potential environmental benefits associated with the investment.
The US$ 4,109,035 investment helped reduce overall energy consumption by the equivalent of 4,377 MWh per year (20%). The company’s reduction in their energy consumption alone without the benefits of increased production will help recover the investment in less than three years. This is in addition to the improved final product quality.
The reduction of greenhouse gases associated with this investment is estimated at 2,543 tonnes of CO2 per year, a valuable contribution to mitigating the negative impacts of climate change.
GEFF Egypt was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the European Union Neighbourhood Investment Facility.