Prime Minister Ibrahim Mahlab on Tuesday denied plans to sell Misr Spinning and Weaving Co.

"We will develop the company through good management and its workers of whom we are proud," Mahlab said in a meeting with the workers of the company during his visit to El-Mahala El-Kobra city, Gharbiya.

Mahlab said that he agreed to a proposal by the president of Tanta University to establish a spinning and weaving faculty in Mahalla.

The prime minister asserted his respect for the workers, hailing their move to connect the wage with the production.