The United Nations Industrial Development Organization (UNIDO) will organize in collaboration with ACIMIT (the Association of Italian Textile Machinery Manufacturers) and Italian Trade Agency a symposium on Italian textile technologies in Cairo, Egypt on September 25th and 26th.
This initiative is part of a broader UNIDO project to support the local cotton textile industry for the purchase of sustainable and innovative technologies. The seminar dedicated to Italian textile technologies, according to UNIDO, is a fundamental part of the dialogue between the local industry and Italian technology excellence.
In the technological seminar “Innovation in the textile sector: latest trends and perspectives for Egypt”, Italian textile machinery builders will present up-to-date technologies, and it will include B2B meetings with local operators and some visits to local textile 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 and Ugolini.
“This is an important occasion for the Italian textile machinery industry,” explains ACIMIT President Alessandro Zucchi.
The Egyptian Government has recently implemented a large-scale modernization project of the local textile industry. The value of investments to be made between 2019 and 2021 is approximately one billion euro. In the first phase, they will also purchase the machines of some well-known Italian suppliers.
Zucchi continues, “This technological symposium is aimed to strengthen our presence in the country, which is already the first Middle East market for Italian textile machinery manufacturers.”
Italian textile machinery exports to Egypt recorded a surge in 2018, increasing by 79% over the previous year to 45 million euro. After years of stagnation, investments by Egyptian textile manufacturers are finally regaining momentum, and Italian textile machinery makers are ready to take advantage of the new business opportunities that is arising.