# Rieter signs additional contracts for Egyptian textile modernization

Rieter signed additional contracts with the Cotton & Textiles Holding Company at the Swiss-Egyptian Investment Forum in Cairo, worth around 30 million Swiss francs, as part of a modernization program for the Egyptian textile industry. Total contract volume is around 210 million Swiss francs.

- Type: Contract
- Announced: 2020-01-30
- Where: Cairo, Egypt
- Value: $31.0M (30.0M CHF)
- Status: announced
- Products: textile machinery
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Rieter](https://endata.com/companies/17345.md)
- [Cotton & Textiles Holding Company](https://endata.com/companies/44877.md) (customer)

## Sources

- [textination.de](https://textination.de/en/news/archive?fromyear=%270%253D1&newstype=210&page=%2C26&toyear=2024), 2020-01-30: "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."

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