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Swissmem conducts textile machinery symposium in Egypt
13
Apr '17
Switzerland’s textile machinery suppliers, organised by the national association Swissmem, held a two-day symposium, on April 4 and 5, in Cairo, Egypt. The objective was to strengthen the already well-established industrial ties between Egypt and Switzerland and to initiate a major step towards the revival of the Egyptian textile manufacturing sector.

Switzerland’s textile machinery suppliers have now initiated a major step towards revival of Egyptian textile manufacturing with the highly-successful two-day symposium in Cairo. A total of 13 association member companies presented their latest machines and systems to an audience of 400, including representatives of the major textile producers from the private and public sectors, as well as delegates from various universities and research institutes.

As the first of the European textile machinery-producing countries to plan an event of this type, Switzerland recognises the enormous potential for renewal of Egypt’s textile sector. The devaluations, while making Egyptian goods theoretically more attractive in export markets, have also seriously impacted on the cost and accessibility to Egypt’s textile companies of new production technology from the major producers.

The Swissmem symposium addressed this issue head-on, with direct offers of assistance in the key area of financing capital imports.

Ernesto Maurer, Swissmem President said, “Switzerland is ready to support Egypt in its striving to re-connect with the worldwide textile community. Funds need to be created prior to new investments, and here the Swiss textile machinery companies can help. Sometimes, it is also the case that service and upgrade of existing equipment can be easier to achieve than complete renewal.”

Symposium participants heard a detailed explanation of export risk insurance and financing, presented by Fabian Brunschwiler, of SERV (Swiss Export Risk Insurance). His comments attracted significant attention, especially in relation to the assertion that Egypt was not yet making full use of the export finance facilities available from Switzerland.

Swiss textile machinery producers enjoyed strong export sales to Egypt in the years up to 2013, but the country’s economic and political woes since then have seen shipments decline to only 20 per cent of previous levels. Now, as Egyptian textile manufacturers exhibit an eagerness to expand their markets, improve production capability and product quality, Swissmem is optimistic that it can offer both the financial and technological solutions they require.

The 13 Swissmem companies that took part in the symposium included Luwa, Amsler Tex, Heberlein, SSM Schärer Schweiter Mettler, Saurer (Embroidery), Rieter Components (Bräcker, Graf, Nobibra and Süssen), Stäubli, Jakob Müller, Retech, Loepfe, Maag, Benninger, and Santex-Rimar. (GK)

Fibre2Fashion News Desk – India


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