Swiss Company to Sell Textile Line to Wassit

A company owned by the Iraqi Ministry of Industry and Minerals has announced that it will buy buy a textile production line from a Swiss company for 1.77 million Swiss francs [$2.24 million, 3 billion Iraqi dinars].

Alforat TV quotes a director of the company as saying that the company is waiting for Ministry approval to complete the contract with the Swiss company Rieter.

The production line is intended to produce high-quality yarn in Wassit [Wasit] governorate.

(Source: Alforat TV)

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