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27th June 2019, Winterthur

Rieter awarded large contract from Egypt

The contracts were signed by Dr Ahmed Moustafa Mohamed, Chairman Cotton & Textile Industries Holding Company, and Dr Norbert Klapper, CEO Rieter. © Rieter

The contracts were signed by Dr Ahmed Moustafa Mohamed, Chairman Cotton & Textile Industries Holding Company, and Dr Norbert Klapper, CEO Rieter. © Rieter

Rieter Group, a leading supplier of systems for short-staple fibre spinning, has signed contracts with the Cotton & Textile Industries Holding Company, Cairo (Egypt), at the ITMA 2019 in Barcelona.

These seven projects entail a total of 180 million Swiss francs. The contract comprises delivery of compact- and ring-spinning systems over the next two years. This order is part of a comprehensive modernisation programme of the Egyptian textiles industry. The order intakes are anticipated to be realised in 2019 with sales posted in the 2020/2021 financial years.

The contracts were signed at the ITMA in Barcelona by Dr Ahmed Moustafa Mohamed, Chairman Cotton & Textile Industries Holding Company, and Dr Norbert Klapper, CEO Rieter.

Dr Klapper was very pleased at the formal signing of contracts. “We would like to thank our Egyptian business partners for the confidence they are placing in Rieter by awarding us this contract,” he said.

“Rieter has been the partner of choice of the Egyptian spinning industry for decades. We are delighted to be given the opportunity of making such an important contribution to the modernization of the Egyptian textile industry.”

Rieter is a leading supplier of systems for short-staple fibre spinning. Based in Winterthur, Switzerland, the company develops and manufactures machinery, systems and components used to convert natural and manmade fibres and their blends into yarns. Rieter is also a leader in the field of precision winding machines. With 16 manufacturing locations in ten countries, the company employs a global workforce of some 5 150, about 20% of whom are based in Switzerland.

www.rieter.com

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