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Online application commences for ITMA ASIA + CITME 2022
ITMA ASIA + CITME 2022, Asia is one of the leading business platforms for textile machinery and the same has returned to Shanghai for the exhibition which will take place from 20 to 24 November 2022.
Sweden’s ACG leads the textile industry transition
It is exactly 100 years ago on August 17th this year that Carl Axel Gustafsson returned from the USA to Sweden with a significant agency agreement from the Boston-based sewing machine leader Reece.
Relationship between Italy and India is very important
India is the 4th market in the Asia-Pacific region for Italian export. As the Export Credit Agency (ECA) of Italy, SACE works alongside Italian exporters and Indian importers to support business between them. We foresee this partnership only becoming stronger over the next several years, says Gautam Bhansali, Head - India & South Asia, SACE. In this interview with Rakesh Rao, Gautam Bhansali elaborates on innovative financing solutions provided by SACE to facilitate exports from Italy to India.
Rieter buys Saurer’s three businesses for EUR 300 mn
Switzerland-based Rieter Holding Ltd and Shanghai (China) listed Saurer Intelligent Technology Co. Ltd have signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. (Amsterdam/Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach- Palenberg/Germany and Saurer Technologies GmbH & Co. KG (Krefeld/Germany).
Sharp increase in demand for Italian textile machinery
The index of orders intake for Italian textile machinery, as processed by ACIMIT (Association of Italian Textile Machinery Manufacturers), for the period ranging from April-June 2021, was up 214% compared to the same 2020 period.
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