13
Islamabad
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At the Swiss-Egyptian Investment Forum which took place today in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernization program for the Egyptian textile industry.
In the presence of H.E. Hisham Tawfik, Minister of the Public Sector of the
Egyptian Government, and Swiss Federal Councilor Guy Parmelin, Head of the
Federal Department of Economic Affairs, Education and Research, the contracts
had been signed by Dr. Ahmed Moustafa, Chairman of the Cotton & Textiles
Holding Company, and Dr. Norbert Klapper, Chief Executive Officer of Rieter.
The total volume of the contracts sums up to around 210 million Swiss
Francs, including the contracts which had been signed at ITMA 2019 in Barcelona
and which represent a volume of around 180 million Swiss Francs.
Rieter expects the full amount of orders to be booked as order intake in the
first half year of 2020. So far, 165 million Swiss Francs have been booked.
Dr. Klapper was very pleased at the signing ceremony: “The next step of the
program we agreed upon today underlines the strong partnership between the
Cotton & Textiles Holding Company and Rieter. I would like to thank our
Egyptian partners for the confidence they continue to place with Rieter. We
will do our best to support the Cotton & Textiles Holding Company in making
the modernization program a success.”
The property, complete with 30-seat screening from room, a 100-seat amphitheater and a swimming pond with sandy shower…
The property, complete with 30-seat screening from room, a 100-seat amphitheater and a swimming pond with sandy shower…
The property, complete with 30-seat screening from room, a 100-seat amphitheater and a swimming pond with sandy shower…
The property, complete with 30-seat screening from room, a 100-seat amphitheater and a swimming pond with sandy shower…
The property, complete with 30-seat screening from room, a 100-seat amphitheater and a swimming pond with sandy shower…
We’ve invested every aspect of how we serve our users over the past Pellentesque rutrum ante in nulla suscipit, vel posuere leo tristique.
We’ve invested every aspect of how we serve our users over the past Pellentesque rutrum ante in nulla suscipit, vel posuere leo tristique.
We’ve invested every aspect of how we serve our users over the past Pellentesque rutrum ante in nulla suscipit, vel posuere leo tristique.
We’ve invested every aspect of how we serve our users over the past Pellentesque rutrum ante in nulla suscipit, vel posuere leo tristique.
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March 26, 2020
March 26, 2020
March 26, 2020
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