S Senthilkumar, Managing Director of Simta Machinery Pvt Ltd and Indo Germen Joint Venture, has addded a feather to his hat. He has taken the role of President of the Indian Textile Accessories & Machinery Manufacturers Association (ITAMMA).
Year: 2015
Itema has weaved its way to success amid troubled times thanks to its relentless pursuit of innovations.
It was a dream come true; nothing short of a miracle! In 2012, global weaving market, hit by negative growth, dipped by 30 per cent, but Itema Group, the Italian weaving machinery giant held its head high, by registering a growth of per cent.
Fulvio Carlo Toma (FCT): The year 2014 has been a tough year for the weaving machinery industry but, despite the slowdown of the market, we, at Itema are more than satisfied with our performance. We registered an increase in the number of weaving machines sold compared to the previous year, and this itself is a hugely significant result considering the brilliant growth Itema obtained in 2013 and the decline in the market.
Global warming´ and ´carbon footprint´ are buzzwords now. Their importance and the consequential long-term devastating effects of ´Climate Change´ on the environment, habitat and even the existence of our mother Earth are widely discussed. This warming of atmospheric temperature is attributed to the emission of green house gases (GHG) ´carbon dioxide, methane, nitrous oxide and fluorocarbons are the major contributors.
Cotton price is still down, and the global acreage is likely to follow suit. China´s warehoused cotton poses quality problem but in the medium-term, there could be reliefs with the demand for cotton from countries like India going up.
Digital printing is poised to capture a bigger share in the Indian market as the industry has started enjoying and reaping benefits of its technological advances. The ITJ Exclusive Report attempts to scan a view of this booming digital printing scenario.
The wide format industry is changing, and the business owners who are most optimistic about the future are those who understand that they need to identify ways to add new applications or acquire new customers.