Holding Company for Cotton, Spinning & Weaving signs $270m contract for textile machinery

Egypt's Holding Company for Cotton, Spinning & Weaving signed the first phase contracts worth $270 million for the supply of modern textile machines from seven Swiss, German, and Italian companies. The machines are to be delivered during 2020-2021.

“The Minister of the Public Enterprise Sector, Hisham Tawfik, said that supporting spinning and weaving companies with the latest machines, that are up to international standards will support the development programme of the spinning and weaving industry, raising their quality and efficiency.”dailynewsegypt.com

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• dailynewsegypt.comPublic Enterprise Sector Ministry signs contract for $270m 1st batch of modern textile machinery – DailynewsegyptDaily News EgyptJun 26, 2019

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