Browsing: textile machinery

With the so-called closing, the merger of the two world market leaders, KARL MAYER and STOLL, was officially completed on July 1, 2020. The relevant agreements were signed on February 26, 2020, thus, setting the course for the formation of a trans-technology global player, who changes the world of its customers and of the textile sector.

On average, companies are expecting their turnover to plummet by -32 per cent. The range between regions differs with from -22 per cent in South East Asia to -36 per cent in East Asia.

The report from the 42nd annual International Textile Machinery Shipment Statistics (ITMSS) covers six segments of textile machinery, namely spinning, draw-texturing, weaving, large circular knitting, flat knitting and finishing.