Economy, Domestic Economy
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German Firm Grabs Knitting Machine Deal

German Firm Grabs Knitting Machine Deal German Firm Grabs Knitting Machine Deal

Germany’s knitting machine builder Terrot has returned from a trade mission to Iran with a deal for providing circular knitting machines to an Iranian fabric manufacturer. Terrot’s Managing Director Andreas von Bismarck traveled to Iran together with other representatives from the Saxony region along with the Saxon Minister of Economic Affairs, Labor and Transport Martin Dulig, the Knitting Trade Journal reported without mentioning a date. The aim of the delegation was to secure business contacts and explore sales opportunities in the Islamic Republic. Among the first contracts signed was a success for Terrot, namely an agreement with an Iranian textile manufacturer, for the delivery of five new circular knitting machines with a value of approximately €220,000. The machines are to be delivered over the next few months, marking a first foothold in the region for the Saxony region, the report concluded.

Financialtribune.com