“The technological seminar Innovation in the textiles sector: latest trends and perspectives for Egypt, in which Italian manufacturers present their up-to-date technologies, includes b2b meetings with local operators and some visits to local textiles companies. As many as 16 Italian companies will participate in the initiative promoted by UNIDO: Arioli, Brazzoli, Color Service, Danitech, Fadis, Ferraro, Itema, Marzoli, Mesdan, Ms Printing Solutions, Reggiani Macchine, Rite, Savio, Ssm Giudici, Tonello e Ugolini.”This is an important occasion for the Italian textile machinery industry,” explained Alessandro Zucchi, President of ACIMIT, presenting the initiative. The Egyptian Government has recently presented the large-scale modernization project of the local textiles industry. The value of the investments to be made between 2019 and 2021 is around EUR 1 billion. In the first phase they will also affect the machines of some well-known Italian suppliers. “This technological symposium is aimed to strengthen our presence in the Country, which is already the first Middle Eastern market for Italian textile machinery manufacturers,” continued Mr Zucchi.”In 2018, the Italian exports of the sector in Egypt recorded a surge, reaching a value of EUR 45 million, up 79% compared to the previous year. After years of stagnation the investments of Egyptian textiles have finally regained momentum and Italian manufacturers are ready to take advantage of the new business opportunities that arise.
Date:9/15/2019
Source:egyptindependent.com