Rieter Group: Order Intake For Major Project From Egypt Booked — Sales Expected To Be Realized In Financial Years 2020-21

WINTERTHUR, Switzerland – October 7, 2019 —
The order intake for the first six projects in the amount of around 165 million Swiss francs ($166 million) was booked upon receipt of the down payment on October 7, 2019; sales are expected to be realized in financial years 2020-21. The order includes deliveries of compact and ring spinning systems and is part of a comprehensive modernization program for the Egyptian textile industry.

Posted October 7, 2019

Source: Rieter