Dedicated to Italian textile technologies, the seminar will be a fundamental part of dialogue between local industry and Italian technology excellence, said ACIMIT in a press release.
In the technological seminar 'Innovation in the textile sector: latest trends and perspectives for Egypt', Italian manufacturers will present their up-to-date technologies, includes B2B meetings with local operators and some visits to local textile companies. As many as 16 Italian companies - Arioli, Brazzoli, Color Service, Danitech, Fadis, Ferraro, Itema, Marzoli, Mesdan, Printing Solutions, Reggiani Macchine, Rite, Savio, Ssm Giudici, Tonello e Ugolini, will participate in the initiative promoted by UNIDO.
"This is an important occasion for the Italian textile machinery industry," said Alessandro Zucchi, president of ACIMIT. The Egyptian Government has recently presented the large-scale modernisation project of the local textile industry. The value of the investments to be made between 2019 and 2021 is approximately €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," added Zucchi.
In 2018, the Italian exports of the sector in Egypt recorded a surge, reaching a value of €45 million, up 79 per cent 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.
ACIMIT, the Association of Italian textile machinery manufacturer, represents an industrial sector that comprises roughly 300 manufacturers, which produce machinery for an overall worth of around €2.5 billion, of which 83 per cent are exported. (PC)
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