Egypt : new cooperation with Monzesi, italian company
Cairo - The National Military Production Authority and Italian machine manufacturer Monzesi signed a memorandum of understanding (MoU) to establish a factory for producing locally-manufactured digital control machines. The purpose of this MoU is to establish a framework for the industrial cooperation between Italy and Egypt, especially in light of the rapprochement between the two countries and the stateís strategy directed towards implementing such manufacturing factories that produce high-tech machines necessary for touching up domestic industries, opening the doors to youth employment, said Minister of Military Production Mohamed Al-Assar.
For his part, Riccardo Pessina, general manager of Monzesi, expressed his happiness with this joint cooperation, while crediting the Egyptian militaryís great technological, manufacturing and human potential. Pessina explained that under the memorandum signed between the two sides, Monzesi, which is considered one of the most important manufacturers of grinding equipment, will harness its technology in the service of the new company, adding that the company will provide technical training for the Egyptian labor working at the company. Reported by Egyptdailynews website.