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Benninger AG acquired LAB-PRO GmbH, a Swiss producer of dyeing machines, dosing systems, and laboratory equipment. The acquisition integrates LAB-PRO's discontinuous dyeing technology into Benninger's portfolio.
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.