# 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.

- Type: Contract
- Announced: 2019-06-24
- Where: Egypt
- Value: $270.0M
- Status: announced
- Products: spinning machines, weaving machines, dyeing machines, finishing machines, printing machines
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [KARL MAYER](https://endata.com/companies/15437.md) (supplier)
- [ITEMA](https://endata.com/companies/17117.md) (supplier)
- [Rieter](https://endata.com/companies/17345.md) (supplier)
- [Holding Company for Cotton, Spinning & Weaving](https://endata.com/companies/40260.md) (customer)
- [Benninger AG](https://endata.com/companies/40261.md) (supplier)
- [Marzoli](https://endata.com/companies/40262.md) (supplier)
- [Reggiani](https://endata.com/companies/40263.md) (supplier)
- [Savio](https://endata.com/companies/40264.md) (supplier)

## Sources

- [dailynewsegypt.com](https://dailynewsegypt.com/2019/06/26/public-enterprise-sector-ministry-signs-contract-for-270m-1st-batch-of-modern-textile-machinery/), 2019-06-26: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.