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Swissmem looks to boost Egyptian textile performance

"Intended to strengthen the already well-established industrial ties between Egypt and Switzerland and to initiate a major step towards the revival of Egyptian textile manufacturing sector, national association Swissmem held a two-day symposium in early April in Cairo. Egyptian cotton is known worldwide for its quality and strength in applications such as shirts and bedsheets. Textile production, using both local and imported cotton, is a vital contributor to Egypt’s economy, ranking behind only tourism and Suez Canal revenues in the generation of income."

 

 

Swissmem looks to boost Egyptian textile

 

Intended to strengthen the already well-established industrial ties between Egypt and Switzerland and to initiate a major step towards the revival of Egyptian textile manufacturing sector, national association Swissmem held a two-day symposium in early April in Cairo. Egyptian cotton is known worldwide for its quality and strength in applications such as shirts and bedsheets. Textile production, using both local and imported cotton, is a vital contributor to Egypt’s economy, ranking behind only tourism and Suez Canal revenues in the generation of income.

Collaborations to move forward

Swissmem looks to boost Egyptian textile performance

 

Switzerland’s textile machinery suppliers, in order to empower the industry, have now initiated a major step towards revival of Egyptian textile manufacturing, with a highly-successful two-day symposium (April 4-5, 2017) 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 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, told the symposium that Switzerland is ready to support Egypt in its striving to re-connect with the worldwide textile community. He was referring to difficulties in accessing foreign exchange funds and the high costs associated with this, which have been a major obstacle to Egyptian companies seeking to renew their equipment and take up new technology. 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.

Seeking solutions

Swiss textile machinery producers enjoyed strong export sales to Egypt in the years up to 2013, but the country’s economic and political uncertainties since then have seen shipments decline to only 20 per cent of previous levels. Now, with vigour Egyptian textile manufacturers are set to expand their markets, improve production capability and product quality, Swissmem is confident of providing them both the financial and technological solutions they require. Ernesto Maurer highlighted that Egypt will find a way back to its previous position of strength, and its leading role in the world of high quality fabrics. The Egyptian cotton brand ‘Giza 100’ once stood as a synonym for quality in textile raw materials. Swiss textile machinery industry is an enthusiastic partner in facilitating and stimulating this revival. The 13 Swissmem companies taking part in the symposium were: 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.

 
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