<strong>Elgi Electric unveils new company logo</strong>

Elgi Electric unveils new company logo

Elgi Electric, the world’s leading manufacturer of overhead cleaner, has been instrumental in bringing together the latest concept in the allied machinery area.

The Coimbatore-headquartered Elgi Electric & Industries Ltd, a provider of engineering solutions for textile and motor industries, launched its brand new company logo and novel automated products at ITME. “Elgi Electric has motor and textile machinery divisions. For the textile industry, we offer products such as overhead traveling cleaner, yarn conditioning system, bobbin transport system, etc. At this trade fair, we are officially launching two products – a yarn conditioning system and novel overhead traveling cleaner, which we have already patented. Response to these two products has been very good at this event,” informed Sumanth Ramamurthi, CMD, Elgi Electric & Industries Ltd.

V S Balasubramanian, the company’s VP Operations, added, “Elgi Electric, the world’s leading manufacturer of overhead cleaner, has been instrumental in bringing together the latest concept in the allied machinery area. We are working towards bringing in new generation of products and these two new products are a first step in that direction. With industry moving towards automation, we need conditioning system which fits in the automatic cone transportation system. With our new system, which can handle cones in the form of pallets, we can do online conditioning; thus, resulting in a lot of savings in terms of time and labour.”

According to him, Elgi Electric always thinks of how to bring ease and comfort to its stakeholders. “Our aim is to help spinning mills to increase their productivity by using our products,” he said.

Speaking about market demand, Sumanth Ramamurthi said, “Though there is slowdown at present, we are seeing investments being made in North India. We expect the markets to improve further in the coming months. We are targeting to increase our export contribution from the present 20 per cent to 50 per cent of our turnover.”

Balasubramanian added, “China is vacating low-value segments in the textile industry, presenting big opportunities for spinners in the other countries (including India). To tap this opportunity, Indian spinners will have to expand capacity. With increase in scale of operations in spinning segment, automation will be a must. This is the reason why we are working towards adding more automated, smart features to our product range.”

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