Contact us on +022 2419 3000 or indiantextilejournal.com.

Mayer & Cie. continues its series of successes in 2016

Feb 15, 2017
Mayer & Cie. continues its series of successes in 2016

The Albstadt-based circular knitting machine manufacturer Mayer & Cie. (MCT) can once again look back on an extraordinarily successful financial year. Mayer & Cie. has been able to record a substantial increase in sales of around 10 per cent for 2016. With regard to the number of machines produced during the year, the result was about 200 more than in 2015. The ongoing positive trend in business development is also reflected in the company’s recruitment figures: its base in Albstadt alone has welcomed 40 new members of staff, and across the Group as a whole there have been 55. In order to ensure this success continues, Mayer & Cie. are planning further investments at all three locations in 2017. One important goal is to reduce the long lead times resulting from demand.

“The year 2016 was once again a record year for our company”, says Mayer & Cie. Managing Director Benjamin Mayer. “That is down to our employees, and they deserve our thanks for having made this renewed success possible in the first place.”

Over the past year, Mayer & Cie. cracked the 100-million-Euro turnover mark; across the whole group 2016 sales amounted to around 105 million and have therefore grown considerably again compared to the previous year.

The main reason for the successful conclusion to the year is the very good order situation. Several times over the last year, the circular knitting machine manufacturer was able to record record-high numbers of incoming orders. Correspondingly, the number of machines produced rose once again in 2016: at 1,500, it was 200 more than the previous year. It was primarily from Turkey, India and China, which have all been strong textile markets for many years, that Mayer & Cie. received a large number of orders. Nevertheless, says Mayer, the demand for premium machines is growing the world over. This applies particularly for new developments, including the high-performance machines Relanit 3.2 HS for single jersey fabric and OVJA 1.6 EM HS for patterned mattress material. The D4-2.2 HPI interlock machine, also introduced in 2015, has already become a best-seller.

Read full report in March 2017 issue of ITJ.