Rieter signed additional contracts at the Swiss-Egyptian Investment Forum
At the Swiss-Egyptian Investment Forum which took place on February 3 in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernization program for the Egyptian textile industry.
Further Orders from Egypt:
- Contracts for additional projects signed in Cairo
- Order volume is around 30 million Swiss francs
- Order intake in the first half year of 2020 expected
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.